posted by Ian
A retail outlet purchased 300 printers at a list price of $100 less 7%, and 6%. The rate of markup on selling price on the printers was 40%. After selling 40% of the shipment, the rest of the printers were marked down to a reduced selling price. When there were only 40 printers left, the outlet marked these down to $76
84.23 x 399 - 26.226
Markup = 40%
This is all I can figure out..
Hmmm. What does "list price of $100 less 7%, and 6%" mean? Two successive discounts?
Also, after all the explanation, I don't see an actual question? What is it you are trying to calculate?