The men s clothing buyer had a group of 50 jackets priced at $250 each that was selling very slowly. To stimulate sales of these jackets, the buyer reduced the price of the jackets in that group to $200 At this price, 40 pieces were sold in a short time. At a later date, the remaining pieces needed a further reduction to clear them from stock. The buyer reduced them to $150 each, and at that price they all sold out. What was the total dollar markdown taken? 3000

Answer:The answer is $3000.Step-by-step explanation:The men's clothing buyer had a group of 50 jackets priced at $250 each.Total price of jackets = [tex]50\times250=12500[/tex] dollarsThe buyer reduced the price of the jackets in that group to $200 and 40 jackets were sold.So, the price for selling 40 jackets is = [tex]40\times200=8000[/tex] dollarsRemaining jackets =[tex]50-40=10[/tex]These were sold at $150 each, totaling to = [tex]10\times150=1500[/tex] dollarsSo, overall money earned by reducing prices both time = [tex]8000+1500=9500[/tex] dollarsAnd the markdown in dollars = (original price before reducing) minus (educed total price)= [tex]12500-9500=3000[/tex] dollarsSo, the answer is $3000.