SOLUTION: 1) The Stereo Shop sold a radio regularly priced at $125 for $75. The cost of the radio was $120 less 33.33....% and 15%. The store's overhead expense was 12% of the regular sellin

Question 992275: 1) The Stereo Shop sold a radio regularly priced at $125 for $75. The cost of the radio was $120 less 33.33....% and 15%. The store's overhead expense was 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?
c) What rate of markup based on cost was realized?
d) What was the rate of markup based on the sale price?
Answers:
a) 40%
b) loss of $8.00
c) 10.29%
d) 9.33%
Show all your work please!
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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