Save On Shoes

Save On Shoes bought a shipment of

726

726 pairs of women's shoes for $

35.00

35.00 per pair. The store sold

117

117 pairs at the regular selling price of

$ 160.00

$160.00 per pair,

77

77 pairs at a clearance sale at a discount of

38 % comma

38%, and the remaining pairs during an inventory sale at a price that equals cost plus overhead. The store's overhead is

18 %

18% 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?