Question

a retailer purchased 520 pairs of gloves and retailed them for 21.00 per pair. atvthis proce 322 sold. The first markdown to $15.99 resulted in the sale of anothrr 120 pairs. A second markdown to $9.99 was required on thr balance of the merchandise to sell the remaining broken colors. calcuate 1st and 2nd markdown$, The total markdowns, total sales and the markdown %

Answer 1

First sale	322pair 21
	$6,762
The first mark down sale	120 pair $15.99
	$1,918.8
mark down on first sale	120 pair (21-15.99) = $6.01
	$721.2
Second mark down sale	(520-322-120)$9.99
	78 pair $9.99 = $779.22
Second mark down	78 pair ($15.99-$9.99)
	$468
Total sales	$6,762+$1918.8+$779.22
	$9460.02
Total mark down	$721.2+$468
	$1,189.2
mark down percentage	$1,892.2100$9460.02
	20%