Question: An automatic dishwasher cost a dealer $620 less 37 12% and 4%. It is regularly priced at $558. The dealers overhead expense is 15% of

An automatic dishwasher cost a dealer $620 less 37 1⁄2% and 4%. It is regularly priced at $558. The dealer’s overhead expense is 15% of the regular selling price and the dishwasher was cleared out for $432.45.
(a) What was the rate of markdown at which the dishwasher was sold?
(b) What is the regular markup based on selling price?
(c) What was the operating profit or loss?
(d) What rate of markup based on cost was realized?

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a Markdown 55800 43245 12555 Rate of markdown 1255555800 0225 225 b Cost 06250... View full answer

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