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Margo purchases bulk teas from a warehouse and marks up those prices by 20% for retail sale

Math Nov 29, 2020

Margo purchases bulk teas from a warehouse and marks up those prices by 20% for retail sale. When teas go unsold for more that two months, Margo marks down the retail price by 20%. She says that she is breaking even, that is, she is getting the same proce for the tea that she paid for it. Is she correct? Explain.

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