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  3. a clothing store buys shorts for $57.00 less

A clothing store buys shorts for $57.00 less ...

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Question

Accounting

A clothing store buys
shorts
for
$57.00
less
29%
for buying over 50 pairs, and less a further
3313%
for buying last season's style. The
shorts
are then marked up to cover overhead expenses of
16%
of cost and a profit of
2813%
of cost.
(a) What is the regular selling price of the
shorts?
(b) What is the maximum amount of markdown to break even?
(c) What is the rate of markdown if the
shorts
are sold at the break-even price?
1
(a) The selling price is
$
.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) The amount of the markdown to break even is
$
.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(c) The rate of markdown to break even is
e
%.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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