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A department store paid $47.62 for a wine set. Overhead expense is 17% of the regular selling price and profit is 20% of the
A department store paid $47.62 for a wine set. Overhead expense is 17% of the regular selling price and profit is 20% of the regular selling price. During a clearance sale, the set was sold at a markdown of 34%. What was the operating profit or loss on the sale?
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