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Rosa bought leather jackets for her boutique at a cost of $325.00 each. The jackets were marked up so that operating expenses were 20% of

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Rosa bought leather jackets for her boutique at a cost of $325.00 each. The jackets were marked up so that operating expenses were 20% of the cost and profit was 40% of the selling price. During her annual spring sale, six jackets remained unsold, and Rosa reduced the price to $400.00 each. Required: Calculate the following information: Original selling price $ Profit on original sales price $ Rate of markdown on the remaining six jackets % *Round answers to two places after the decimal

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