Retail stores often have signs in front of their shop that say, “Take an additional 30% off of already reduced merchandise!” To a consumer, this seems like a great deal, but it is actually not as great a deal as it may first seem. A series of markdowns is not the same as taking the total sum of the same markdowns. For example, a markdown of 25% followed by a markdown of 30% is not the same as a 55% total markdown.
1.Research a product that you want to purchase.
2.Using your product of choice, show how a series markdown is different from a total markdown. (Note: Use markdown percentage values of your choice, but do not use the above given values.)
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