Joel purchased dress shirts to sell in his clothing store that has overhead expenses equal...
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Accounting
Joel purchased dress shirts to sell in his clothing store that has overhead expenses equal to 14.00% of costs. To make a profit of 15.00% of the cost, he sells them at a regular price of $70.00 each.
a. What rate of markdown is required to sell the shirts at break-even?
b. What rate of markdown is required to sell the shirts at cost?
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