Consider the concepts markup and markdown. Now apply your knowledge of these models to a practical problem.
Please respond to all of the following prompts in the discussion:
1. Go to http://www.bestbuy.com. Find a product with a rebate, or instant savings. The weekly ad is a good way to find products with rebates. Use the zip code 48824 if you do not have a local Best Buy store.
2. Calculate the percent markdown after rebate for the product found in part 1.
3. List three pros and three cons to the practice of markdowns/markups. Debate these points.
1. After I go to bestbuy.com, I find a WD - My Passport 1TB External USB 3.0/2.0 Portable Hard Drive - Black @
The original price ...
The solution gives detailed steps on computing percent markdown using the case of Bestbuy and deep discussion on pros and cons to the practice of markdowns/markups .