Thursday
April 17, 2014

Homework Help: Marketing Math - markup/mark down

Posted by anonymous on Sunday, May 5, 2013 at 8:17pm.

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.

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