Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. A jewelry store paid $57.40 for a watch. Store expenses are 14% of regular selling price and profit is 24% of regular selling price.
4. A jewelry store paid $57.40 for a watch. Store expenses are 14% of regular selling price and profit is 24% of regular selling price. At the end of the year, the watches are marked down by 16%.
a. What is the regular selling price of the watch?
b. What is the sale price of the watch?
c. What is the profit or loss based on the sale price?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started