Long Lake Nursery bought fertilizer in bulk in March at $17.92 less 33 1/3% 14.5% and 10% per 20 k Show more Long Lake Nursery bought fertilizer in bulk in March at $17.92 less 33 1/3% 14.5% and 10% per 20 kg bag. The fertilizer is normally marked up by 53% of the selling price.
The fertilizer was marked down 42% for an inventory reduction sale in late July. Round your final answers properly to two decimal places and use these rounded values in the next calculations that require them. a) What was the sale price? $ ____________ b) What was the (reduced) markup rate based on the sale price? ____________ %
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