SOLUTION: Sky Sales Inc. purchased portable communication devices listed at $198 less 60% and 16.6...%. Expenses are 45% of the regular selling price and net profit is 25% of the regular sel

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Question 992273: Sky Sales Inc. purchased portable communication devices listed at $198 less 60% and 16.6...%. Expenses are 45% of the regular selling price and net profit is 25% of the regular selling price. According to the company's pricing strategy, the merchandise is marked with a price so that it advertise a 37.5% discount while still maintaining its usual markup. During the annual inventory sale, the unsold equipment was marked down 55% of the marked price. What operating profit or loss was realized on the devices sold during the sale?
Answer: Loss of $6.60
Answer by solver91311(24713) About Me  (Show Source):
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John

My calculator said it, I believe it, that settles it