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A retail store realizes a gross profit of $62.67 if it sells an article at a margin of 32% of the selling price. a) What

A retail store realizes a gross profit of $62.67 if it sells an article at a margin of 32% of the selling price.

a) What is the regular selling price?

b) What is the cost?

c) What is the rate of markup based on cost?

d) If overhead is 21% of cost, what is the break-even price?

e) If the article is sold at a markdown of 25%, what is the operating profit or loss?

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