Rainbow Paints is discontinuing a line of paint that it purchased at $44 less 25%...
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Accounting
Rainbow Paints is discontinuing a line of paint that it purchased at $ less and per L pail. The store's overhead is of cost and normal operating profit is of cost If the manager of the store is prepared to accept a loss of onequarter of the overhead expenses, what markdown rate can the store offer in order to clear out the paint? Do not round intermediate calculations and round your final answer to decimal place.
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