Comparing Markdowns a) A coat is marked down 10%, and the
Chapter 11, Problem 11.1.68(choose chapter or problem)
Comparing Markdowns a) A coat is marked down 10%, and the customer is given a second discount of 15%. Is that the same as a single discount of 25%? Explain. b) The regular price of a chair is $189.99. Determine the sale price of the chair if the regular price is reduced by 10% and this price is then reduced another 15%. c) Determine the sale price of the chair if the regular price of $189.99 is reduced by 25%. d) Examine the answers obtained in parts (b) and (c). Does your answer to part (a) appear to be correct? Explain.
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