Plz do fast I will rate   Digital Devices plans to stop carrying the Casio FC-100 calculator. It normally marks up the calculator from the $77.50 wholesale cost to the regular selling price of $119.95. a. What is the normal rate of markup on selling price? (Do not round intermediate calculations and round final answer to 1 decimal place.) Rate of markup             % b. What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at the wholesale cost? (Do not round intermediate calculations and round final answer to 1 decimal place.) Rate of markdown             %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Digital Devices plans to stop carrying the Casio FC-100 calculator. It normally marks up the calculator from the $77.50 wholesale cost to the regular selling price of $119.95.

a. What is the normal rate of markup on selling price? (Do not round intermediate calculations and round final answer to 1 decimal place.)

Rate of markup             %

b. What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at the wholesale cost? (Do not round intermediate calculations and round final answer to 1 decimal place.)

Rate of markdown             %

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