What is the maintain margin percent

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Reference no: EM133611459

Question: A local produce stand decided to extend their season by selling Christmas trees in November and December. The stand's owner purchased 500 locally grown Christmas trees. They cost $10 each, and were priced at $50 each. Unfortunately, the trees did not sell as well as expected and the owner needed to take markdowns of 65% to sell them. What is the initial margin percent on the Christmas trees? What is the maintain margin percent?

Reference no: EM133611459

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