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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
Ice-Time purchased hockey skates for $220.00 less 12% and 7%. Expenses are 22% of the cost and the required profit is 45% of the cost. At the end of the winter season, the unsold skates were advertised at a discount of 50%. What operating profit or loss was realized on the sets sold at the end of the season?
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 = 220(0.88)(0.93)
   = $180.0480
S = C+ 0.22C + 0.45C
S = 1.67(180.048)
S = $300.68

Sale price = S(1-0. 5)
   = 300.68(0. 5)
   = $150.34

Total cost = 180.048 + 0.22(180.048)
   = 1.22(180.048)
   = $219.66

Profit = 150.34 -219.66 = -$69.32
Hence the store incurred a loss of $69.32 in the end of season sale.
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