Central Ski and Cycle Purchased 50 Pairs of Ski Boots $\frac{1}{3}$

question 95

Short Answer

Central Ski and Cycle purchased 50 pairs of ski boots for $360 per pair less 33 $\frac{1}{3}$ % and 10%. The regular rate of mark-up on selling price on the boots is 40%. The store's overhead is 22% of the selling price. During a January clearance sale, the price was reduced to $270 per pair.
a) What was the rate of markdown for the sale?
b) What was the profit or loss on each pair of boots at the sale price?
c) At the sale price, what was the rate of mark-up on cost?

---

Definitions:

Hiring Practices

The methods and procedures employed by organizations in recruiting and selecting employees.

Proportion

A relationship between two quantities indicating how many times the first number contains the second.

Multiple Choice

A type of question or problem that presents several possible answers, with only one being correct.

Unknown Quantities

Variables in an equation or problem whose values are not provided and are to be solved for.