A television stand had a markup on cost percentage of 20%. The cost of the stand was $150. During a clearance event, the price was reduced to $117. For full marks your answer(s) should be rounded to the nearest cent.

1. What was the regular selling price?
2. If overhead expenses are 6% of the selling price, what was the original operating profit?
3. What is the rate of markdown during the sale? Your answer should be accurate to two decimal places.
4. What is the amount of profit or loss at the sale price? Enter a loss as a negative value.