4000 pairs of sunglasses were received 50% sold at the regular price of $22 40% sold at a POS of $16.99 The remaining were marked down to $9.99 and sold out. What were the total markdown dollars & Markdown Percent? (Include dollar sign ($) or percent symbol (%) as appropriate when answering) MD$ (Express as a whole # (no cents); only use a comma in #'s that are 5 or more places to the left of the decimal:) MD%: (include a % sign in your answer and show one place to the right of the decimal)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Q.23.

 

4000 pairs of sunglasses were received
50% sold at the regular price of $22
40% sold at a POS of $16.99
The remaining were marked down to $9.99 and sold out. What were the total markdown
dollars & Markdown Percent?
(Include dollar sign ($) or percent symbol (%) as appropriate when answering)
MD$
(Express as a whole # (no cents); only use a comma in #'s that are 5 or more places to the left
of the decimal:)
MD%: (include a % sign in your answer and show one place to the right of the decimal)
Transcribed Image Text:4000 pairs of sunglasses were received 50% sold at the regular price of $22 40% sold at a POS of $16.99 The remaining were marked down to $9.99 and sold out. What were the total markdown dollars & Markdown Percent? (Include dollar sign ($) or percent symbol (%) as appropriate when answering) MD$ (Express as a whole # (no cents); only use a comma in #'s that are 5 or more places to the left of the decimal:) MD%: (include a % sign in your answer and show one place to the right of the decimal)
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