Answers

1. The fraction that Trinity must mark down all prices in her store so that the overall price decreases in both stores are the same is 3/8, 0.375, or 37.5%

   What is a markdown?

   A markdown is a price reduction strategy used by retailers to attract customers to their stores.

   A markdown reduces the profit margin.

   Data and Calculations:

   Alexis:

   First day’s price reduction = 25%

   Reduced price after the first markdown = 75% (1 – 25%)

   The second day’s price reduction = 1/3 or 33.33%

   Reduced price after the second markdown = 50% (75% x (1 – 33.33%)

   Trinity:

   First day’s price reduction = 20%

   Reduced price after the first markdown = 80% (1 – 20%)

   Reduced price after the second markdown = 50% like Alexis’ (80% x 50%/80%)

   50%/80% = 62.5% or 0.625

   Therefore, the second day’s price reduction must be 3/8, 0.375, or 37.5% (1 – 0.625).

   Thus, the fraction that Trinity must mark down all prices in her store so that the overall price decreases in both stores are the same is 3/8

   Learn more about markdowns at https://brainly.com/question/27807633

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