A retailer marked up an item from its $7.92 cost to the regular selling price of $19.80. During the store's Anniversary Sale, the item was offered at 20% off. On a sale at this price, what was the (reduced) operating profit if unit overhead expenses were 70% of cost? (Round your answer to the nearest cent.) Profit $

A retailer marked up an item from its $7.92 cost to the regular selling price of $19.80. During the store's Anniversary Sale, the item was offered at 20% off. On a sale at this price, what was the (reduced) operating profit if unit overhead expenses were 70% of cost? (Round your answer to the nearest cent.) Profit $