Bargain City bought desks for $175.00 less 29%, 21%, 13%. The store's overhead is 65% of cost and normal profit is 27% of cost.
a) What is the regular selling price of the desks?
b) At what price can the desks be put on sale so that the store incurs an operating loss of no more than 30% of the overhead?
c) What is the maximum rate of markdown at which the desks can be offered for sale in part b)?

Question

Quizplus · Accepted Answer

The Answer of Bargain City bought desks for $175.00 less 29%, 21%, 13%. The store's overhead is 65% of cost and normal profit is 27% of cost.
a) What is the regular selling price of the desks?
b) At what price can the desks be put on sale so that the store incurs an operating loss of no more than 30% of the overhead?
c) What is the maximum rate of markdown at which the desks can be offered for sale in part b)?

Bargain City Bought Desks for $175