A clothing retailer purchased a line of fall leather coats which were priced to sell at $600 each. This price reflected a markup of 45% on the selling price. At the end of the season the retailer had three coats left, which were marked down 25% and sold. What was the retailer's actual percentage markup on the coats that were sold at 25% off? Calculate this percentage both as a percentage of the selling price, and as a percentage of the cost price.
Any help will be apprecited.
I didn't find the right solution from the Internet.
ricardobrooks
Hello,
A clothing retailer purchased a line of fall leather coats which were priced to sell at $600 each. This price reflected a markup of 45% on the selling price. At the end of the season the retailer had three coats left, which were marked down 25% and sold. What was the retailer's actual percentage markup on the coats that were sold at 25% off? Calculate this percentage both as a percentage of the selling price, and as a percentage of the cost price.
Any help will be apprecited.
I didn't find the right solution from the Internet.
References:
https://www.bogleheads.org/forum/viewtopic.php?t=200280
HR Software Example
Thank you.