Question: Discount Electronics buys stereos for $ 8 3 0 less 3 7 . 5 % and 1 2 . 5 % . Expenses are 2
Discount Electronics buys stereos for $ less and Expenses are of cost and the required profit is of the regular selling price. All merchandise is marked with a price so that the store can advertise a discount of while still maintaining its regular markup. During the annual clearance sale, the new regular selling price of unsold items is marked down What operating profit or loss does the store make on items sold during the sale?
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