Damsels clothing store orders a line of jeans at a suggested retail price of $58 less trade discounts of 30% and 7%. The manager intends to sell the jeans at the suggested retail price. If overhead expenses are 25% of the selling price:
a. What will be the operating profit on each pair of jeans?
c. What is the rate of markup on selling price?
d. What would be the break-even selling price for an inventory clearance sale?