SOLUTION: A hardware store paid $33.45 for a set of cookware. Overhead expense is 15% of the regular selling price and profit is 10% of the regular selling price. During a clearance sale, th

Question 992252: A hardware store paid $33.45 for a set of cookware. Overhead expense is 15% of the regular selling price and profit is 10% of the regular selling price. During a clearance sale, the set was sold at a markdown of 15%. What was the operating profit or loss on the sale?
Answer: loss of $2.23
Can you show me the steps? I'm in first year of college, btw.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

This is an accounting question. You are on the wrong website to get help with this type of work.

John

My calculator said it, I believe it, that settles it

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