Question

In order to promote sales during a week-long sale, the buyer at a Pet Supply store reduced the pricing on pet beds from $35 to $27. Out of 122 in stock, 48 of the pet beds were sold during the sale, after which the buyer priced the remaining pet beds at $30 apiece. What was the amount of the markdown cancellation per unit when the beds were re-priced after the week-long sale

Answer 1

$3

Step-by-step explanation:

Retail Price = $35

Marked-down Price = $27

Partial Markdown cancelled price after sale = $30

Partial Markdown Cancellation = Price after sale - Marked-down price

Partial Markdown Cancellation = $30 - $27

Partial Markdown Cancellation =$3

So, the amount of markdown cancellation per unit when the beds were re-priced after the week-long sale is $3.