Film, Media & TV3 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?
No best answer has yet been selected by Elena_W. Once a best answer has been selected, it will be shown here.For more on marking an answer as the "Best Answer", please visit our FAQ.