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Aldo's Shoes bought a shipment of 622 pairs of women's shoes for $46.00 per pair. The store sold 130 pairs at the regular selling price
Aldo's Shoes bought a shipment of 622 pairs of women's shoes for $46.00 per pair. The store sold 130 pairs at the regular selling price of $180.00 per pair, 78 pairs at a clearance sale at a discount of 26%, and the remaining pairs during an inventory sale at a price that equals cost plus overhead. The store's overhead is 24% of cost. (a) What was the price at which the shoes were sold during the clearance sale? (b) What was the selling price during the inventory sale? (c) What was the total profit realized on the shipment? (d) What was the average rate of markup based on cost that was realized on the shipment? (a) The clearance sale price was $. (b) The inventory sale price was $. (c) The total profit was $. (d) The average rate of markup was %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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