Digital Devices plans to stop carrying the Casio FC-100 calculator. It normally marks up the calculator from the $71.50 wholesale cost to the regular selling price of $99.95.
a) What is the normal rate of markup on selling price?
b) What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at the wholesale cost?

Question

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The Answer of Digital Devices plans to stop carrying the Casio FC-100 calculator. It normally marks up the calculator from the $71.50 wholesale cost to the regular selling price of $99.95.
a) What is the normal rate of markup on selling price?
b) What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at the wholesale cost?

Digital Devices Plans to Stop Carrying the Casio FC-100 Calculator