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Home Q & A Board Science-Related Homework Help Mathematics
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gewusel gewusel
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6 years ago
Deep Discount Audio buys home theatre systems for $3 895 less 29%, 15%. Expenses are 30% of the regular selling price and the required profit is 41% of the regular selling price. All merchandise is marked with a new regular selling price so that the store can advertise a discount of 35% while still maintaining its regular markup. During the annual clearance sale, the new regular selling price of unsold items is marked down 40%. What operating profit or loss does the store make on items sold during the sale?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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#1
6 years ago
C = 3895(1 - .29)(1 - .15) = $2 350.63
C + 0.3S + 0.41S = S
2350.63 + 0.71S = S
2350.63 = 0.29S
8105.62 = S
MP-35% of MP = S
   0.65MP = 8105.62
    MP = $12 470.18
Sale price = 12470.18(1-0.4) = $7482.11
Total cost = 2350.63 + 0.3(8105.62) = 2350.63 + 2431.69 = $4782.32
Operating profit = 7482.11 - 4782.32 = $2699.79
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