From the following information determine the markon allowance if the markon percentage has been determined to be 36%. The store has purchased 100 dresses at $56 per dress. They are using an initial 50% markup to determine the initial retail price.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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6. From the following information determine the markon allowance if the markon percentage
has been determined to be 36%. The store has purchased 100 dresses at $56 per dress.
They are using an initial 50% markup to determine the initial retail price.
Transcribed Image Text:6. From the following information determine the markon allowance if the markon percentage has been determined to be 36%. The store has purchased 100 dresses at $56 per dress. They are using an initial 50% markup to determine the initial retail price.
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