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A retail store paid $44 for a microwave oven. Expenses are 27% of regular selling price and the required profit is 18% of regular selling
A retail store paid $44 for a microwave oven. Expenses are 27% of regular selling price and the required profit is 18% of regular selling price. During an inventory sale, the microwave was marked down 40%
a) What was the regular selling price?
b) What was the sale price?
c) What is the operating profit or loss?
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