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12 June, 01:43

An item that has been marked up sells for a profit. If an item sells that has been marked down, can it still produce a profit? Explain.

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  1. 12 June, 02:21
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    It depends on where it is marked down from. The problem is worded in a way that leads me to believe the answer is no. I assume the price is being marked down from the cost to the company. Therefore, they would be taking a lose on the item.
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