The Markdown Rate of an Item Is 30%, and the Markdown

question 8

Short Answer

The markdown rate of an item is 30%, and the markdown amount is $18. What is the original price?

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Definitions:

Theft of Trade Secrets

Theft of trade secrets involves the unauthorized acquisition, disclosure, or use of confidential business information that provides a competitive advantage, violating legal protections.

Obtaining by Fraud

Acquiring something of value through deceptive practices or false representations with the intent to gain unlawfully.

Statutorily Secured Monopoly

A monopoly status granted and protected by law to a company, often due to the nature of the industry or service it provides.

Useful New Devices

Innovations or inventions that offer a new utility, often eligible for patent protection.