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need answer with work shown asap Johnny's bicycle store pays $210 less trade discounts of 20% and 6% for bicycles.
need answer with work shown asap
Johnny’s bicycle store pays $210 less trade discounts of 20% and 6% for bicycles. The store’s overhead expenses are 35% of the cost and their profit is 40% of the cost
b) What is the rate of markdown if the item is sold at the break-even price? [2 marks]