Common Everyday Phrases

to fold

close out sale

to mark down

Amy: "Arthur, I read today that the bookstore downtown is folding. The newspaper article said they just couldn't compete with Amazon."

Arthur: "Really? That's too bad. Is it already closed?"

Amy: "No they're having a close out sale this weekend. Everything will be marked down 75%."

Arthur: "Wow! I wonder if we should buy some and sell them on Amazon..."

to fold
to go out of business

close out sale
selling everything at a very reduced price until it's gone

to mark down
to reduce the price

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