Jesse makes a 10% profit on cost of belts which he purchases at $15 each. The overhead

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Jesse makes a 10% profit on cost of belts which he purchases at $15 each. The overhead expenses are 25% on cost. During a sale, he marked the belts down by 10%.

a. What is the profit or loss on the sale of this item?

b. What is the amount of markup on sale price?

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