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Dewitt company sells a kitchen set for 320 what is the

Question - DeWitt Company sells a kitchen set for $320. To promote July 4, DeWitt ran the following advertisement:

Beginning each hour up to 4 hours we will mark down the kitchen set 8%. At the end of each hour, we will mark up the set 3%.

Assume Ingrid Swenson buys the set 1 hour 30 minutes into the sale.

a. What will Ingrid pay?

b. What is the markdown percent?

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Accounting Basics: Dewitt company sells a kitchen set for 320 what is the

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Accounting Basics: Dewitt company sells a kitchen set for 320 what is the

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