The Galerie d'Art paid $129.50 for a limited edition Graux print. The original selling price was...

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The Galerie d'Art paid $129.50 for a limited edition Graux print. The original selling price was $181.30, but this was marked down 38% to make room for incoming pieces. If operating expenses are 28% of the cost, find the operating loss and the absolute loss. Round rates to the nearest whole percent and dollar amounts to the nearest cent. The Galerie d'Art paid $129.50 for a limited edition Graux print. The original selling price was $181.30, but this was marked down 38% to make room for incoming pieces. If operating expenses are 28% of the cost, find the operating loss and the absolute loss. Round rates to the nearest whole percent and dollar amounts to the nearest cent.

Answer rating: 100% (QA)

Step 12 Given that Cost price 12950 Operating cost 28 ... View the full answer