SOLUTION: The Stereo Shop sold a radio regularly priced $125.00 for $75.00. The radio was originally purchased for $120.00 less 33%, 15%. The store's overhead is 12% of the regular selling p

Question 1201332: The Stereo Shop sold a radio regularly priced $125.00 for $75.00. The radio was originally purchased for $120.00 less 33%, 15%. The store's overhead is 12% of the regular selling price.
(a) What was the rate of markdown at which the radio was sold?
(b) What was the operating profit or loss?
(e) What rate of markup based on cost was realized?
(a) What was the rate of markup based on the sale price?
Answer by ikleyn(52776) (Show Source): You can put this solution on YOUR website!
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The Stereo Shop sold a radio regularly priced $125.00 for $75.00. The radio was originally purchased
for $120.00 less 33%, 15%. The store's overhead is 12% of the regular selling price.
(a) What was the rate of markdown at which the radio was sold?
(b) What was the operating profit or loss?
(e) What rate of markup based on cost was realized?
(a) What was the rate of markup based on the sale price?
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Wording in this post is unclear and its meaning is dark.

It does not correspond to the high standards applied to mathematical problems at this forum.

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