Digital Devices plans to stop carrying the Casio FC-200 calculator. It normally marks up the calculator from the $31.50 wholesale cost to the regular selling price of $51.98.
a) What is the normal rate of mark-up on selling price?
b) What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at $31.50, the wholesale cost?

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The Answer of Digital Devices plans to stop carrying the Casio FC-200 calculator. It normally marks up the calculator from the $31.50 wholesale cost to the regular selling price of $51.98.
a) What is the normal rate of mark-up on selling price?
b) What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at $31.50, the wholesale cost?

Digital Devices Plans to Stop Carrying the Casio FC-200 Calculator