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Explain what a markdown is.

User Villi
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Answer:

Basically a reduction in price

Explanation:

In finance, a markdown is a reduction in the price and value of an asset. ... Markdowns are designed to increase sales, so they usually occur when a business cannot sell a product at its current price. By reducing the price, a markdown makes a good or service more desirable for customers.

A markdown is a devaluation of a product based upon its inability to be sold.

User Robert Beuligmann
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