A Retailer Sells All Goods on a Rate of Mark-Up

question 42

Multiple Choice

A retailer sells all goods on a rate of mark-up on selling price of 25%. If she later marks down any unsold products to their cost, what is the rate of markdown?

• A) 25%
• B) 33.3%
• C) 20%
• D) 30%
• E) 22.5%

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Definitions:

Addiction

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Double-blind Procedure

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Chlorpromazine

An antipsychotic medication used to treat various mental health disorders such as schizophrenia and bipolar disorder.