Answer:
Percentage of the selling price
Explanation:
Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.
Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.
Answer:
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The correct answer is a I a, typing to get the answer right
$275,000
257,000 Beginning Equity
+51,000 Net Income
+6,000 Investments from stockholders
=314,000 New total
-40,000 Minus dividends payed to stockholders
=275,000 Equals ending equity
