Explain what a markdown is.

Basically a reduction in price

Step-by-step explanation:

In finance, a markdown is a reduction in the price and value of an asset. ... Markdowns are designed to increase sales, so they usually occur when a business cannot sell a product at its current price. By reducing the price, a markdown makes a good or service more desirable for customers.

A markdown is a devaluation of a product based upon its inability to be sold.

honeycrisps have skyrocketed to about $4.50 per pound

unpaid balance is : $149.99-$50 = $99.99 new balance = 149.99+2.62-50 = $102.61 finance charge = 99.99- 0.21/12= $1.75 new balance = 99.99+1.75 = $101.74 average daily balance method average daily balance= 3399.70/30 = $113.32 finance charge = $ 0.21/12ă—113.32 = $1.98 new balance = $149.99-50+1.98 = $101.97