a) Merchant A operates on a rate of mark-up on cost of 45%. If she later marks the price of a few items down to their cost price in order to attract additional customers to the store, what rate of markdown can she advertise?
b) Merchant B operates on a rate of mark-up on selling price of 45%. If he later marks the price of a few items down to their cost price in order to attract additional customers to the store, what rate of markdown can he advertise?

Question

Quizplus · Accepted Answer

The Answer of a) Merchant A operates on a rate of mark-up on cost of 45%. If she later marks the price of a few items down to their cost price in order to attract additional customers to the store, what rate of markdown can she advertise?
b) Merchant B operates on a rate of mark-up on selling price of 45%. If he later marks the price of a few items down to their cost price in order to attract additional customers to the store, what rate of markdown can he advertise?

A) Merchant a Operates on a Rate of Mark-Up on Cost