Answer to Question #102439 in Other for Rimie♥️

Question #102439
12. A furniture shop sells sofas for $880. If the shop wanted to offer the lower price of $550, what rate of markdown would it have to offer?
1
Expert's answer
2020-02-07T05:33:40-0500

Rate of markdown is:

PM = (880 - 550)/880×100% = 37.5%.


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