Sports Outfitters purchased hockey jerseys for $72 less 40% and 15%. The normal rate of mark-up on selling price is 40%, and overhead is 25% of the selling price. The jerseys were reduced to $45.90 for the store's Boxing Day Blowout.
a) What was the rate of markdown for the sale?
b) What was the profit or loss on each jersey at the sale price?
c) At the sale price, what was the rate of mark-up on cost?

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The Answer of Sports Outfitters purchased hockey jerseys for $72 less 40% and 15%. The normal rate of mark-up on selling price is 40%, and overhead is 25% of the selling price. The jerseys were reduced to $45.90 for the store's Boxing Day Blowout.
a) What was the rate of markdown for the sale?
b) What was the profit or loss on each jersey at the sale price?
c) At the sale price, what was the rate of mark-up on cost?

Sports Outfitters Purchased Hockey Jerseys for $72 Less 40% and 15