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A mens clothing store marks up suits by 75% of cost. This provides an operating profit of 12% of the selling price. If a suits
A mens clothing store marks up suits by 75% of cost. This provides an operating profit of 12% of the selling price. If a suits cost to the store is $252:
a. Determine its selling price. (Round your answer to 2 decimal places.)
Selling price $
b. Determine the rate of markup on selling price. (Round your answer to 2 decimal places.)
Markup on selling price %
c. Determine the operating profit. (Round your answer to 2 decimal places.)
Operating profit $
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