SOLUTION: Big Boy Appliances bought self-cleaning ovens for $900 less 33.33...^ and 5%. Expenses are 15% of the regular selling price and profit is 9% of the regular selling price. For compe

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Question 992272: Big Boy Appliances bought self-cleaning ovens for $900 less 33.33...^ and 5%. Expenses are 15% of the regular selling price and profit is 9% of the regular selling price. For competitve reasons, the store marks all merchandise with a price so that a discount of 25% can be advertised without affecting the margin. To promote sales, the ovens were marked down 40%. What operating profit or loss did the store make on the ovens sold during the sales promotion?
Answer: loss of $82.50
Answer by solver91311(24713) About Me  (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