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20 August, 20:48

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. 20 August, 21:17
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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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