Central Ski and Cycle purchased 50 pairs of ski boots for $430 per pair less 30%...

Central Ski and Cycle purchased 50 pairs of ski boots for $430 per pair less 30% and 10%. The regular rate of markup on selling price of the boots is 50%. The store’s overhead is 25% of the selling price. During a January clearance sale, the price was reduced to $375 per pair. What is the rate of markdown and what was the profit or loss on each pair of boots at the sale price?

(Total: 8 marks)

Answer to the nearest cent.

Expert Solution

milcah answered 2 years ago

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