The Shoe Shop's Normal Rate of Mark-Up on Selling Price

question 155

Short Answer

The Shoe Shop's normal rate of mark-up on selling price is 45%. What rate of markdown can the store offer on a pair of shoes normally priced at $140, and still realize a 20% rate of mark-up on cost at the sale price?

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Definitions:

Disjunctive Syllogism

A valid argument form in logic where, given a disjunction and the negation of one of its terms, one logically infers the truth of the other term.

Argument By Analogy

A form of reasoning where a similarity between two cases is used to assert a similar conclusion for them.

Soldiers

Individuals serving in an army, especially those who do so by profession, engaged in military combat or activities.

Police Officers

Police officers are law enforcement personnel who are responsible for maintaining public order, enforcing laws, and preventing, detecting, and investigating crimes.