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What is the markdown percent

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Question - DeWitt Company sells a kitchen set for $320. To promote July 4, DeWitt ran the following advertisement:

Beginning each hour up to 4 hours we will mark down the kitchen set 8%. At the end of each hour, we will mark up the set 3%.

Assume Ingrid Swenson buys the set 1 hour 30 minutes into the sale.

a. What will Ingrid pay?

b. What is the markdown percent?

Reference no: EM131690929

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