Central Ski and Cycle purchased 50 pairs of ski boots for $430 per pair less 30% and 10%. The regular rate of markup on selling price of the boots is 50%. The store’s overhead is 25% of the selling price. During a January clearance sale, the price was reduced to $375 per pair. What is the rate of markdown and what was the profit or loss on each pair of boots at the sale price?
Percentage
A percentage is a number indicated as a fraction of 100. It is a dimensionless number often expressed using the symbol %.
Algebraic Expressions
In mathematics, an algebraic expression consists of constant(s), variable(s), and mathematical operators. It is made up of terms.
Numbers
Numbers are some measures used for counting. They can be compared one with another to know its position in the number line and determine which one is greater or lesser than the other.
Subtraction
Before we begin to understand the subtraction of algebraic expressions, we need to list out a few things that form the basis of algebra.
Addition
Before we begin to understand the addition of algebraic expressions, we need to list out a few things that form the basis of algebra.
Central Ski and Cycle purchased 50 pairs of ski boots for $430 per pair less 30% and 10%. The regular rate of markup on selling price of the boots is 50%. The store’s overhead is 25% of the selling price. During a January clearance sale, the price was reduced to $375 per pair. What is the rate of markdown and what was the profit or loss on each pair of boots at the sale price?
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