SOLUTION: 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 se
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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%.
a) What operating profit or loss is realized at the clearance price?
b) What is the realized rate of markup based on cost?
Answers:
a) loss of $13.20
b) 25% Answer by solver91311(24713) (Show Source):
