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A company paid $208.40 for an item. The original price was $292.60, but this was marked down 40%. If the operating expenses are 36% of

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A company paid $208.40 for an item. The original price was $292.60, but this was marked down 40%. If the operating expenses are 36% of the cost, find the operating loss and the absolute loss. What is the operating loss? $ (Round to the nearest cent.) What is the absolute loss? $ (Round to the nearest cent.)

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