AIO File79.xlsx

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DeWitt Company sells a kitchen set for $435. 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 1%.Assume Ingrid Swenson buys the set 1 hour 25 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 %