Question 15 [12 points] Erter the 4 missing pieces of information. For fll marks your dollar answer(s) should be rounded to the nearest cent and your percent answer(s) should be accurate to 2 decimal places. For example 34.56% . Cost Markup on cost percentage Markup on cost percentage Markup on selling price percentage Markup on selling price percentage Selling price Selling price Markdown Rate of markdown Rate of markdown Sale price Sale price 599.64 20.00% 0.00% 0.00 0.00 40.00% 0.00 Cost "Markup on cost percentage" "Markup on selling price percentage" "Selling price" Markdown "Rate of markdown" "Sale price" 599.64 20.00% 0.00% 0.00 0.00 40.00% 0.00

<p></p><br /><br />1. **Markup on Selling Price Percentage**: The markup on cost is 20.00%, and the cost is $599.64. To find the markup on selling price percentage, we use the formula:<br />\[<br />\text{Markup on selling price percentage} = \frac{\text{Markup on cost}}{\text{Cost} + \text{Markup on cost}} \times 100<br />\]<br />\[<br />= \frac{0.20 \times 599.64}{599.64 + 0.20 \times 599.64} \times 100 = 16.67\%<br />\]<br /><br />2. **Selling Price**: The selling price is calculated as follows:<br />\[<br />\text{Selling Price} = \text{Cost} + \text{Markup on cost}<br />\]<br />\[<br />= 599.64 + 0.20 \times 599.64 =$719.57<br />\]<br /><br />3. **Rate of Markdown**: The rate of markdown is given as 40.00%. <br /><br />4. **Sale Price**: To find the sale price, we use the formula:<br />\[\text{Sale Price} = \text{Selling Price} - \text{Rate of Markdown} \times \text{Selling Price}\]<br />\[= 719.57 - 0.40 \times 719.57 = $359.78\]<br /><br />5. **Markdown**: The markdown is calculated as follows:<br />\[\text{Markdown} = \text{Selling Price} - \text{Sale Price}\]<br />\[= 719.57 - 359.78 = $359.79\]<br /><br />6. **Rate of Markdown on Selling Price**: To find this, we use the formula:<br />\[\text{Rate of Markdown on Selling Price} = \frac{\text{Markdown}}{\text{Selling Price}} \times 100\]<br />\[= \frac{359.79}{719.57} \times 100 = 50.00\%\]<br /><br />Thus, the four missing pieces of information are:<br />1. Selling Price: $719.57<br />2. Markup on Selling Price Percentage: 16.67%<br />3. Sale Price:$359.78<br />4. Rate of Markdown on Selling Price: 50.00%