DeWitt Company sells a kitchen set for $330. To promote July 4, DeWitt ran the following advertisement:
Beginning each hour up to 4 hours we will mark down the kitchen set 10%. At the end of each hour, weWhat is the markdown percent? (Round your answer to the nearest hundredth percent.)will mark up the set 1%.Assume Ingrid buys the set 1 hour 50 minutes into the sale.
What will Ingrid pay? (Round your answer to the nearest cent.)
What is the markdown percent? (Round your answer to the nearest hundredth percent.)