DeWitt Company sells a kitchen set for $470. To promote July 4, DeWitt ran the following advertisement:

Beginning each hour up to 4 hours we will mark down the kitchen set 12%. At the end of each hour, we will mark up the set 2%.

Assume Ingrid Swenson buys the set 1 hour 35 minutes into the sale.

a. What will Ingrid pay? (Round your answer to the nearest cent.)

Ingrid pays $

b. What is the markdown percent? (Enter your response as a percentage rounded to two decimal places.)

Markdown percent %

Question

DeWitt Company sells a kitchen set for $470. To promote July 4, DeWitt ran the following advertisement:

Beginning each hour up to 4 hours we will mark down the kitchen set 12%. At the end of each hour, we will mark up the set 2%.

Assume Ingrid Swenson buys the set 1 hour 35 minutes into the sale.

a.	What will Ingrid pay? (Round your answer to the nearest cent.)

   Ingrid pays	$   

b.	What is the markdown percent? (Enter your response as a percentage rounded to two decimal places.)

   Markdown percent	 %