Marco purchased a high-end stove for $5,267 less 53% and 18%. The overhead rate is 30% of the regular selling price of $3,080. Unfortunately, the stove was dented in his store, so it had to be resold at a loss. During a midnight madness sale, Marco sold the stove for $2,618.Determine the rate of mark-down on the regular selling price.

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The Answer of Marco purchased a high-end stove for $5,267 less 53% and 18%. The overhead rate is 30% of the regular selling price of $3,080. Unfortunately, the stove was dented in his store, so it had to be resold at a loss. During a midnight madness sale, Marco sold the stove for $2,618.Determine the rate of mark-down on the regular selling price.

Marco Purchased a High-End Stove for $5,267 Less 53% and 18