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A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 11.00% and 5.00%. He sells it to a customer at a price
A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 11.00% and 5.00%. He sells it to a customer at a price which includes 22.00% profit on selling price and overhead expenses of 22.00% on selling price.
a. How much did it cost him to purchase the container of clothes?
b. What was the selling price of the container of clothes?
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