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Calculating percent markdowns on products

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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.

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Solution Summary

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 .

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1. After I go to bestbuy.com, I find a WD - My Passport 1TB External USB 3.0/2.0 Portable Hard Drive - Black @

https://deals.bestbuy.com//featured+deals/product/4911796/wd++my+passport+1tb+external+usb+3020+portable+hard+drive++black

The original price ...

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