An answering machine cost a dealer $220.00 less 31.5%, 7%. It is regularly priced at $212.00. The dealer's overhead is 17% of the regular selling price and the answering machine was cleared out for $175.45.
a) What is the regular markup based on selling price?
b) What was the rate of markdown at which the answering machine was sold?
c) What was the operating profit or loss?
d) What rate of markup based on cost was realized?

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The Answer of An answering machine cost a dealer $220.00 less 31.5%, 7%. It is regularly priced at $212.00. The dealer's overhead is 17% of the regular selling price and the answering machine was cleared out for $175.45.
a) What is the regular markup based on selling price?
b) What was the rate of markdown at which the answering machine was sold?
c) What was the operating profit or loss?
d) What rate of markup based on cost was realized?

An Answering Machine Cost a Dealer $220