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Michelle bought jackets for her boutique at a cost of $264 each. The jackets were marked up so that operating expenses were 29% of the

Michelle bought jackets for her boutique at a cost of $264 each. The jackets were marked up so that operating expenses were 29% of the cost and profit was 36% of the cost. 
  • What is the retail price of a jacket? 
  • What are the assumed operating expenses on the sale of a jacket? 


During her annual 40% off spring sale, the last six jackets were sold. What is the reduced selling price during the spring sale? 

During her annual 40% off spring sale, What was the profit (or loss) on a single jacket sold during the spring sale? (enter a negative amount for a loss)

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