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Q5)Poles Apart purchased snowboards at a cost of $345 and marks them up by 35% of the selling price. The store's overhead is 20% of the selling price. For its Annual Spring Sale, Poles Apart marks down the price to $425. I) What is the regular selling price? II) What was the rate of markdown for the sale? III) At the sale price what is the rate of markup on cost?

Q5)Poles Apart purchased snowboards at a cost of $345 and marks them up by 35% of the selling price. The store's overhead is 20% of the selling price. For its Annual Spring Sale, Poles Apart marks down the price to $425. I) What is the regular selling price? II) What was the rate of markdown for the sale? III) At the sale price what is the rate of markup on cost?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Q5)Poles Apart purchased snowboards at a cost of $345 and marks them up by 35% of the selling price. The store's overhead is 20% of the selling price. For its Annual Spring Sale, Poles Apart marks down the price to $425. I) What is the regular selling price? II) What was the rate of markdown for the sale? II) At the sale price what is the rate of markup on cost?
Transcribed Image Text:Q5)Poles Apart purchased snowboards at a cost of $345 and marks them up by 35% of the selling price. The store's overhead is 20% of the selling price. For its Annual Spring Sale, Poles Apart marks down the price to $425. I) What is the regular selling price? II) What was the rate of markdown for the sale? II) At the sale price what is the rate of markup on cost?
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