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How much apples are spoil before they sell

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Reference no: EM131622514

Question: 1. Cozort's Produce pays $0.35 per pound for 500 pounds of apples. On average, 8% of the apples will spoil before they sell. Find the selling price per pound needed to obtain a 175% markup on cost.

2. An item is reduced from $585 to sell for $499. What is the markdown amount and the rate of markdown?

Reference no: EM131622514

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