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A department store paid $37.36 for a wine set. Overhead expense is 23% of the regular selling price and profit is 24% of the regular
A department store paid $37.36 for a wine set. Overhead expense is 23% of the regular selling price and profit is 24% of the regular selling price. During a clearance sale, the set was sold at a markdown of 37%. What was the operating profit or loss on the sale?
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