Nail & Hammer Shack purchased 237 table fans of a particular make. The unit cost was $28.50 and the regular selling price was $60.00 each. The store sold 131 of them at the regular selling price. During a sale, it sold another 57 of them at markdown of 23.00%. The remaining units were sold at an additional markdown of 15.00% on the original price. What is the net rate of markup based on total cost? % Round to two decimal places

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Nail & Hammer Shack purchased 237 table fans of a particular make. The unit
cost was $28.50 and the regular selling price was $60.00 each. The store sold 131
of them at the regular selling price. During a sale, it sold another 57 of them at
markdown of 23.00%. The remaining units were sold at an additional markdown
of 15.00% on the original price. What is the net rate of markup based on total
cost?
%
Round to two decimal places
Transcribed Image Text:Nail & Hammer Shack purchased 237 table fans of a particular make. The unit cost was $28.50 and the regular selling price was $60.00 each. The store sold 131 of them at the regular selling price. During a sale, it sold another 57 of them at markdown of 23.00%. The remaining units were sold at an additional markdown of 15.00% on the original price. What is the net rate of markup based on total cost? % Round to two decimal places
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