Office furniture is purchased for $4,685 less 48% and 21%. The normal selling price on the furniture is $2,850. Operating expenses are 31% of selling price. Determine the profit or loss, if the furniture is sold at a discounted price of $2,422.50.
A) $98.72 Loss
B) $98.72 Loss
C) $102.60 Profit
D) $102.6 Loss
E) $56.02 Profit

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The Answer of Office furniture is purchased for $4,685 less 48% and 21%. The normal selling price on the furniture is $2,850. Operating expenses are 31% of selling price. Determine the profit or loss, if the furniture is sold at a discounted price of $2,422.50.

Office Furniture Is Purchased for $4,685 Less 48% and 21