Marco purchased a high-end stove for $5,267 less 53% and 18%. The overhead rate is 30% of the regular selling price of $3,080. During a scratch and dent sale, the stove was sold for $2,618. Determine the rate of mark-up actually realized.

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The Answer of Marco purchased a high-end stove for $5,267 less 53% and 18%. The overhead rate is 30% of the regular selling price of $3,080. During a scratch and dent sale, the stove was sold for $2,618. Determine the rate of mark-up actually realized.

Marco Purchased a High-End Stove for $5,267 Less 53% and 18