A furniture store sold a bed regularly priced for $990.00 for $720.00. The bed was originally purchased for $600.00 less 40%. The store's overhead is 25% of the regular selling price.
a) Calculate the rate of markdown at which the bed was sold.
b) Calculate the operating profit or loss at the sale price.

Question

Quizplus · Accepted Answer

The Answer of A furniture store sold a bed regularly priced for $990.00 for $720.00. The bed was originally purchased for $600.00 less 40%. The store's overhead is 25% of the regular selling price.
a) Calculate the rate of markdown at which the bed was sold.
b) Calculate the operating profit or loss at the sale price.

A Furniture Store Sold a Bed Regularly Priced for $990