Question
A department store paid $48.23 for a wine set. Overhead expense is 15 % of the regular selling price and profit is 23 % of
A department store paid $48.23 for a wine set. Overhead expense is 15 % of the regular selling price and profit is 23 % of the regular selling price. During a clearancesale, the set was sold at a markdown of 33 %. What was the operating profit or loss on thesale?
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Get StartedRecommended Textbook for
Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
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