Homework Answers
A: There is one markdown and one markup involved.
Price after markdown = Selling price*(1-Markdown)
=490*(1-0.11)= 436.1
Price after mark-up = Price after markdown*(1+Markup)
=436.1*(1+0.01)
=440.46
Price paid = $440.46
B: Markdown percentage = (490-440.46)/ 490
=10.11%
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