.In February, Long Lake Nursery ordered lawn fertilizer at $18.60 less 33 %, 12 %, and 5% per 20-kg bag. The fertilizer is normally priced to provide a 55% rate of markup on selling price. Operating (overhead) expenses are 30% of cost. To clear out the remaining bags of fertilizer in July, they were marked down by 45%. Calculate:
a) The net cost per bag.
b) The operating expenses per bag.
c) The regular selling price.
d) The sale price (reduced selling price).
e) The reduced markup at the sale price.
f) The operating profit or loss at the sale price.
g) The rate of markup on the sale price.

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The Answer of .In February, Long Lake Nursery ordered lawn fertilizer at $18.60 less 33 %, 12 %, and 5% per 20-kg bag. The fertilizer is normally priced to provide a 55% rate of markup on selling price. Operating (overhead) expenses are 30% of cost. To clear out the remaining bags of fertilizer in July, they were marked down by 45%. Calculate:
a) The net cost per bag.
b) The operating expenses per bag.
c) The regular selling price.
d) The sale price (reduced selling price).
e) The reduced markup at the sale price.
f) The operating profit or loss at the sale price.
g) The rate of markup on the sale price.

In February, Long Lake Nursery Ordered Lawn Fertilizer at $18