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What is the selling price after the first markdown

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Question - A company bought 3,400 items at $36 less 23% and 19%. It added a markup of 54% on selling price. It was able to sell 69% of them at full price before marking down the rest by 26%. At the end of the sale it still had 33 items left and it marked them down to $29.61 each, at which price all 33 sold.

Required -

a. What is the cost per item?

b. What is the total cost?

c. What is the regular selling price?

d. What is the selling price after the first markdown?

e. Determine the total sales.

f. What is the average percent markup based on selling price?

Reference no: EM132934929

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