## Math Problem Statement

Workwear Station uses a markup on cost of 60% to establish its retail prices. This pricing rule builds in a profit of 22% of cost. What rate of markdown can Workwear Station offer and just break even on the reduced price? (Round your answer to 1 decimal place.)

Rate of markdown

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Markup

Profit margin

Markdown

Break-even analysis

### Formulas

Selling price P_s = 1.60C

Markdown price P_m = P_s * (1 - x)

Break-even condition: P_m = C

### Theorems

Basic algebra for solving linear equations

### Suitable Grade Level

Grades 9-12

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