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A pet food store receives discounts from a supplier of 8% and 11% on a doggie treat which has a list price of $161.46. The store then marks the treat up 12% of cost for overhead and 38% of selling price for operating profit. Later, the store has a weekend special where they sell the treat at "14% above cost". What was their rate of markdown on the treat? Give your answer as a percent rounded to 2 decimal places.

A pet food store receives discounts from a supplier of 8% and 11% on a doggie treat which has a list price of $161.46. The store then marks the treat up 12% of cost for overhead and 38% of selling price for operating profit. Later, the store has a weekend special where they sell the treat at "14% above cost". What was their rate of markdown on the treat? Give your answer as a percent rounded to 2 decimal places.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A pet food store receives discounts from a supplier of 8% and 11% on a doggie treat which has a list price of $161.46. The store then marks the treat up 12% of cost for overhead and 38% of selling price for operating profit. Later, the store has a weekend special where they sell the treat at "14% above cost". What was their rate of markdown on the treat? Give your answer as a percent rounded to 2 decimal places.
Transcribed Image Text:A pet food store receives discounts from a supplier of 8% and 11% on a doggie treat which has a list price of $161.46. The store then marks the treat up 12% of cost for overhead and 38% of selling price for operating profit. Later, the store has a weekend special where they sell the treat at "14% above cost". What was their rate of markdown on the treat? Give your answer as a percent rounded to 2 decimal places.
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