In the weeks leading up to Thanksgiving, the store ordered 500 12-lb frozen turkeys. The turkeys were priced at $2.50/lb. 250 of the turkey sold for full price. The week before Thanksgiving, the store ran a sale on the turkeys at $1.99 per pound and sold an additional 200 turkey at that price. The remaining turkeys will be clearanced at 50% off to make space for Christmas hams. What is the total dollar amount of markdown for the special turkey purchase?

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase