Question 7 [8 points] A television stand had a markup on cost percentage of 45%. The cost of the stand was $130. During a clearance event, the price was reduced to $124. For full marks your answer(s) should be rounded to the nearest cent. a) What was the regular selling price? ISelling Price = $ 0.00 I b) If overhead expenses are 15% of the selling price, what was the original operating prot? IProt= $ 0.00 I c) What is the rate of markdown during the sale? Your answer should be accurate to two decimal places. I Rate of Markdown = 0.00 % I d) What is the amount of profit or loss at the sale price? Enter a loss as a negative value. Prot (Loss) = $ 0.00