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What is the rate of markdown at the sale price

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Reference no: EM132719782

A furniture supplier lists a dining room set for $1,800 and offers trade discounts of 25%, and 10% to its retailers. The retailer's overhead expenses are 29% of cost and operating profit is 22% of the cost. After three months, the price is reduced to $1,614.

Problem 1: What is the rate of markdown at the sale price? Your answer should be accurate to two decimal places.

Problem 2: What is the break-even price of the set?

Reference no: EM132719782

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