A retailer purchased 400 hats at $15 each. He sold 250 at the regular price of $40, 100 at 20% off the regular price and the remaining hats were cleared out at $15 each. The retailer's overhead is 35% of the cost. What is the total operating profit (or loss) on the sale of all the hats?

Answer rating: 100% (QA)

Purchasing price of 400 hats40015 6000 Retailers over... View the full answer