Calculation Of Inventory Of A Company

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Question

A pharmacy marks up its springtime shipment of sunglasses to provide for overhead expenses of 40% of cost and a profit of 70% of cost. At the end of the summer, what rate of markdown can the pharmacy apply to the remaining inventory of sunglasses and still break even on sales at this level?

Summary

The question belongs to Mathematics and it discusses about inventory calculation of a company.

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