A furniture store sold a bed regularly priced for $990.00 for $720.00. The bed was originally purchased
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Question:
A furniture store sold a bed regularly priced for $990.00 for $720.00. The bed was originally purchased for $600.00 less 40%. The store's overhead is 25% of the regular selling price.
a) Calculate the rate of markdown at which the bed was sold.
b) Calculate the operating profit or loss at the sale price.
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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