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Save On Shoes bought a shipment of 712 pairs of women's shoes for $30.00 per pair. The store sold 135 pairs at the regular
Save On Shoes bought a shipment of 712 pairs of women's shoes for $30.00 per pair. The store sold 135 pairs at the regular selling price of $206.00 per pair, 46 pairs at a clearance sale at a discount of 47%, and the remaining pairs during an inventory sale at a price that equals cost plus overhead. The store's overhead is 15% 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 $
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