A buyer purchases 1000 pairs of Dingo Boots. The cost of these boots is 25$. The initial price
of these boots is 65$. At this price the buyer sells 20% of her inventory. She takes a 25%
markdown and sells another 30% of her inventory. She takes an additional 33% off and sells
the remaining inventory at this price.
a. What GM$ and GM% did she obtain on sales of the total purchase?
b. What were the markdown $ and markdown % associated with the total purchase?
c. What was the final selling price?
of these boots is 65$. At this price the buyer sells 20% of her inventory. She takes a 25%
markdown and sells another 30% of her inventory. She takes an additional 33% off and sells
the remaining inventory at this price.
a. What GM$ and GM% did she obtain on sales of the total purchase?
b. What were the markdown $ and markdown % associated with the total purchase?
c. What was the final selling price?