onsider the concepts of markup and markdown you read about this week. Now, apply your knowledge of these models to a practical problem.

Please respond to all of the following prompts in the class discussion section of your online course:

1. Go yo http:// www.bestbusy.com. Find a product with a rebate, or instant savings. The weekly ad is a good way to find products with rebates.

2. Calculate the percent markdown after rebate for the product found in part 1,

3. List three pros and three cons to the practice of markdowns/ and markups. Debate these points among your classmates.

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