(Solution) - A MerchantAoperatesonarateofmarkuponcostof45 Ifshelatermarksthe price of a few items down to their -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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a. MerchantAoperatesonarateofmarkuponcostof45%.Ifshelatermarksthe price of a few items down to their cost in order to attract additional customers to the store, what rate of markdown can she advertise?
b. Merchant B operates on a 45% rate of markup on selling price. If he later marks the price of a few items down to their cost in order to attract additional customers to the store, what rate of markdown can he advertise?