I wasn't able to solve this question completely for an assignment got confused. Any way anyone can help. I don't want just the answers, but would really appreciate a step-by-step so I can learn the process and what I am doing wrong.

Chapter 6 Trade Discounts, Cash Discounts, Markup, and Markdown AG un Table of Contents IS JJ /0 01 COSL. Contents Bookmarks Recent 63 Markup Exercise 6.3 a > 6.4 Markdown Exercise 6.4 6.5 Integrated Problems AA Exercise 6.5 a. What is the regular selling price of the watches? b. What must the sale price be for the store to break even? c. What is the rate of markdown to sell the watches at the break-even price? 23. LOG Sight and Sound bought large-screen colour TV sets for $1080.00 less 331/% and 84/3%. Overhead is 18% of regular selling price and required profit is 151/3% of regular selling price. The TV sets were marked at a price so that the store was able to advertise a discount of 25% while still maintaining its margin. To clear the inventory, the remaining TV sets were marked down 371/2%. a. What operating profit or loss is realized at the clearance price? b. What is the realized rate of markup based on cost? 24. LOO Ward Fitness lists a treadmill at $1860 less 331/3% and 15%. To meet competition, Ward wants to reduce its net price to $922.25. What additional percent discount must Ward allow? 25. LO South Side Appliances bought bread makers for $180 less 40%, 165/6%, and 10%. The store's overhead is 45% of regular selling price and the profit required is 21/4% of the regular selling price. During a year-end inventory clearance sale, the store marked down the bread makers by 30%. a. What was the regular selling price? b. What is the sale price? c. What is the profit or loss during the clearance sale? 26. LOC A merchant realizes a markup of $42 by selling an item at a markup of 37.5% of cost. The merchant's overhead expenses are 17.5% of the regular selling price. At a promotional sale, the item was reduced in price to $138.95. a. What is the regular selling price? b. What is the rate of markup based on the regular selling price? MyLab Math Review Exercise Self-Test Challenge Problems Case Study Focusing on Prices 262 Questions Summary of Formulas Hide > Glossen TAT11