1. A department store paid $57.25 for a salad bowl. Overhead expense is 15 % of the regular selling price and profit is 24 % of the regular selling price. During a clearancesale, the set was sold at a markdown of 41 %. What was the operating profit or loss on thesale?
2. What amount will reduce the amount due on an invoice of $1833.13 by $ 953.15 if the terms of the invoice are 1/15, n/60 and the payment was made during the discountperiod?
3. Arrow Manufacturing offers discounts of 34%,18.5%, 4% on a line of products. For how much should an item be listed if it is to be sold for $ 150.04?