1.Star Sound Electronics purchased equipment from a manufacturer at a cost of $950 less 30% and 15% trade discounts. According to Star Sound's pricing strategy, all merchandise is marked at a price that allows an ongoing discount of 20% and maintains a profit of 15% of regular selling price. Overhead expenses are 25% of regular selling price. During its annual Boxing Week sale, the usual discount of 20% was replaced by a markdown discount of 45% on selected models. What is the original selling price before the discounts? What operating profit or loss was made during the Boxing Week Sale?