Shirts were purchased for $13.50 each and were marked up by $18.75. During Christmas, they were discounted by $6.85 per shirt. a. What is the rate of markdown?    % Round to two decimal places b. What is the reduced selling price per shirt?   Round to the nearest cent

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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Shirts were purchased for $13.50 each and were marked up by $18.75. During Christmas, they were discounted by $6.85 per shirt.
a. What is the rate of markdown?
 
 %
Round to two decimal places
b. What is the reduced selling price per shirt?
 
Round to the nearest cent
 
 
 
 
 
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