SOLUTION: Luigi’s Restaurant offered a “buy one get one half off” sale for the midweek period. The “one half off” referred to the lesser-priced dinner. A customer ordered a steak dinner, wit
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Question 1102006: Luigi’s Restaurant offered a “buy one get one half off” sale for the midweek period. The “one half off” referred to the lesser-priced dinner. A customer ordered a steak dinner, with a regular price of $19, and a chicken dinner, with a regular price of $14.
(a) What was the overall markdown at which the dinners were sold?
(b) What was the overall rate of markdown at which the dinners were sold?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The $14 dinner was 1/2 off,
so it cost $7
The customer paid
----------------------------------
(a)
Without the markdown, the dinners would
have cost
The overall markdown was
$7
-----------------------------------------
(b)
The rate of markdown was:
21.2%
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