ChatterBank5 mins ago
Operating Profit/loss Question. Please Help Me.
Jim purchased a set of clubs for $500 less 40%, 16% and two thirds%. Expenses are 20% of regular selling price and the required profit is 17.5% of the regular selling price. The store decided to change the regular selling price so that it could offer a 36% discount without affecting its margin. At the end of season, the unsold sets were advertised at a discount of 54% of the regular new selling price. What operating profit or loss was realized on the sets sold at the end of the season?
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