2. A store is selling carpet steam cleaners for $350. It costs them $100 to manufacture these steam cleaners. What is the numerical profit margin and the markup percentage? If this company wants to bring in more customers by reducing the price of their steam cleaners by $50, what would the markdown percentage be?

Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?