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Walmart purchased a 90 Sony Smart TV for $1,600 less trade discounts of 40% and 20%. The television was then marked up by 130% of
Walmart purchased a 90" Sony Smart TV for $1,600 less trade discounts of 40% and 20%. The television was then marked up by 130% of cost. Overhead expenses are 55% of cost. In the 2020 Black Friday sale,Walmart offered the television at 50% off. Determine each of the following. show all work a.) The net cost of the Smart TV b.) The amount of the markup c.) The overhead expenses per TV d.) The regular selling price e.) The sale price and the amount of markdown f.) The markup reduced g.)The operating profit or loss at the sale price
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