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Homework answers / question archive / A bag was offered to sell at $6
A bag was offered to sell at $6.90. The cost was 30% of the selling price. Answer the following questions, and choose the closest answer from the possible choices following each question:
a. If the bag was marked down at 20%, what would be the sale price of the bag?
b. What was the price needed to cover only the cost?
c. If the bag was marked down by $1.50, what would be the rate of markdown?