A lakeside resort offers a midweek package at $229 per night for two people. The package includes accommodation in a one-bedroom suite, which regularly sells for $306; and breakfast for two. Breakfast is regularly priced at $21 per person. (a) What is the overall dollar value of the markdown at which the packages were sold? (Do not include the $ sign in your answer.) (b) What is the overall rate of markdown at which the packages were sold? (Correct to 2 decimal places, do not include the % sign in your answer.)
A lakeside resort offers a midweek package at $229 per night for two people. The package includes accommodation in a one-bedroom suite, which regularly sells for $306; and breakfast for two. Breakfast is regularly priced at $21 per person. (a) What is the overall dollar value of the markdown at which the packages were sold? (Do not include the $ sign in your answer.) (b) What is the overall rate of markdown at which the packages were sold? (Correct to 2 decimal places, do not include the % sign in your answer.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:A lakeside resort offers a midweek package at $229 per night for two people.
The package includes accommodation in a one-bedroom suite, which regularly sells for $306;
and breakfast for two. Breakfast is regularly priced at $21 per person.
(a) What is the overall dollar value of the markdown at which the packages were sold?
(Do not include the $ sign in your answer.)
(b) What is the overall rate of markdown at which the packages were sold?
(Correct to 2 decimal places, do not include the % sign in your answer.)
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