A retail store realizes a gross profit of $62.67 if it sells an article at a margin of 32% of the selling price.
a) What is the regular selling price?
b) What is the cost?
c) What is the rate of markup based on cost?
d) If overhead is 21% of cost, what is the break-even price?
e) If the article is sold at a markdown of 25%, what is the operating profit or loss?

Question

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The Answer of A retail store realizes a gross profit of $62.67 if it sells an article at a margin of 32% of the selling price.
a) What is the regular selling price?
b) What is the cost?
c) What is the rate of markup based on cost?
d) If overhead is 21% of cost, what is the break-even price?
e) If the article is sold at a markdown of 25%, what is the operating profit or loss?

A Retail Store Realizes a Gross Profit of $62