A retailer purchases mechanical equipment for $4,505 less 42% and 25%. The retail selling price is based on a 66.35% mark-up on cost. If the equipment is sold at a retail price of $2,771, determine the profit or loss realized.

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The Answer of A retailer purchases mechanical equipment for $4,505 less 42% and 25%. The retail selling price is based on a 66.35% mark-up on cost. If the equipment is sold at a retail price of $2,771, determine the profit or loss realized.

A Retailer Purchases Mechanical Equipment for $4,505 Less 42% and 25