SOLUTION: South Side Appliances bought bread makers for $180 less 40%, 15.83...%, and 10%. This store's overhead is 45% of regular selling price and the profit required is 21.25% of the regu

Question 992256: South Side Appliances bought bread makers for $180 less 40%, 15.83...%, and 10%. This store's overhead is 45% of regular selling price and the profit required is 21.25% 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?
Answers:
a) loss of $239.53
b) $167.67
c) loss of $20.96
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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