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RV World sells a make of motor home for $66 725. This regular selling price covers overhead of 12% ...

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RV World sells a make of motor home for $66 725. This regular selling price covers overhead of 12% ...

RV World sells a make of motor home for $66 725. This regular selling price covers overhead of 12% of cost and a normal profit of 30% of cost. The cruisers were marked with a new regular selling price so that the company can offer a 25% discount while still maintaining its regular gross profit. At the end of the summer season, the motor home was marked down. The company made 20% of its usual profit and reduced the usual commission paid to the sales personnel by 27%. The normal commission accounts for 45% of the normal overhead. What was the rate of markdown?

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Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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