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A department store paid $57.58 for a wine set. Overhead expense is 22% of the regular selling price and profit is 10% of the
A department store paid $57.58 for a wine set. Overhead expense is 22% of the regular selling price and profit is 10% of the regular selling price. During a clearance sale, the set was sold at a markdown of 39%. What was the operating profit or loss on the sale? The operating (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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