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
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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):
