A clothing store orders a line of jeans at a suggested retail price of $58 less trade discounts of 30% and 7%. The manager intends to sell the jeans at the suggested retail price. If overhead expenses are 25% of the selling price:
a) What will be the operating profit on each pair of jeans?
b) What is the rate of mark-up on cost?
c) What is the rate of mark-up on selling price?
d) What would be the break-even selling price for an inventory clearance sale?

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The Answer of A clothing store orders a line of jeans at a suggested retail price of $58 less trade discounts of 30% and 7%. The manager intends to sell the jeans at the suggested retail price. If overhead expenses are 25% of the selling price:
a) What will be the operating profit on each pair of jeans?
b) What is the rate of mark-up on cost?
c) What is the rate of mark-up on selling price?
d) What would be the break-even selling price for an inventory clearance sale?

A Clothing Store Orders a Line of Jeans at a Suggested