Macy's was selling Calvin Klein jean shirts that were originally priced at $41.00 a. What was the amount of the markdown? (Round your answer to the neare Amount of markdown $ b. Based on the selling price, what is the percent markdown?

Macy's was selling Calvin Klein jean shirts that were originally priced at $41.00 a. What was the amount of the markdown? (Round your answer to the neare Amount of markdown $ b. Based on the selling price, what is the percent markdown?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Umework1
Macy's was selling Calvin Klein jean shirts that were originally priced at $41.00 for $9.84.
a. What was the amount of the markdown? (Round your answer to the nearest cent.)
Amount of markdown
24
b. Based on the selling price, what is the percent markdown?
Percent markdown

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