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On June 8, Leon's Kitchen Hut bought a set of pots with a $104 list price from Lambert Manufacturing. Leon's recelves a 35% trade discount.

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On June 8, Leon's Kitchen Hut bought a set of pots with a $104 list price from Lambert Manufacturing. Leon's recelves a 35% trade discount. Terms of the sale were 2/10, n/30. On June 14, Leon's sent a check to Lambert for the pots. Leon's expenses are 29% of the selling price. Leon's must also make a profit of 18% of the selling price. A competitor marked down the same set of pots 38\%, Assume Leon's reduces its selling price by 19% a. What is the sale price at Kitchen Hut? (Round your answer to the nearest cent.) b. What was the operating profit or loss? (Input the amount as a positive value. Round your answer to the nearest cent.)

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