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Murray's Pro Shop Purchased Sets of Golf Clubs for $710

Question 65

Essay

Murray's Pro Shop purchased sets of golf clubs for $710.00 less 22%, 17%, and 19%. Expenses are 19% of the regular selling price and the required profit is 19% of the regular selling price. The store decided to change the regular selling price so that it could offer a 47% discount without affecting its margin. At the end of the season, the unsold sets were advertised at a discount of 60%. What operating profit or loss was realized on the sets sold at the end of the season?

Correct Answer:

verifed

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C = 710(0.78)(0.83)(0.81) = $372.32
S = ...

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