Standard Appliances obtains refrigerators for $1,570 less 28% and 9%. Standard's overhead is 18% of the selling price of $1,635. A scratched demonstrator unit from their floor display was cleared out for $1,295.

(Question relates to Merchandising Chain - Markup, Markdown and Applications)

a. What is the regular rate of markup on cost? ____________% Round to two decimal places

b. What is the rate of markdown on the demonstrator unit? _____________% Round to two decimal places

c. What is the operating profit or loss on the demostrator unit? $_____________ Round to the nearest cent

d. What is the rate of markup on cost that was actually realized? ________________ % Round to two decimal places