SOLUTION: Sky Sales Inc. purchased portable communication devices listed at $198 less 60% and 16.6...%. Expenses are 45% of the regular selling price and net profit is 25% of the regular sel

Question 992273: Sky Sales Inc. purchased portable communication devices listed at $198 less 60% and 16.6...%. Expenses are 45% of the regular selling price and net profit is 25% of the regular selling price. According to the company's pricing strategy, the merchandise is marked with a price so that it advertise a 37.5% discount while still maintaining its usual markup. During the annual inventory sale, the unsold equipment was marked down 55% of the marked price. What operating profit or loss was realized on the devices sold during the sale?
Answer: Loss of $6.60
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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