A patio set cost a retailer $608.00 less 25 3/4%, 19%, 8%. Markup is 50% of the regular selling price. During the end-of-season sale, the patio set is marked down 18%. (a) What is the end-of-season sale price? (b) What rate of markup based on cost will be realized during the sale?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A patio set cost a retailer $608.00 less 25 3/4%, 19%, 8%. Markup is 50% of the regular selling price. During the end-of-season sale, the patio set is marked down 18%.
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