document.write( "Question 992261: Sight and Sound bought large-screen colour TV sets for $1080.00 less 33.33...% and 8.33...%. Overhead is 18% of regular selling price and required profit is 15.33...% of regular selling price. The TV sets were marked at a price so that the store was able to advertise a discount of 25% while still maintaining its margin. To clear the inventory, the remaining TV sets were marked down 37.5%.
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document.write( "a) What operating profit or loss is realized at the clearance price?
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document.write( "b) What is the realized rate of markup based on cost?
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document.write( "Answers:
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document.write( "a) loss of $13.20
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document.write( "b) 25% \n" );
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