Homework Answers
Cost less discount = 505 x (1 - 30%) = 353.50
Cost including overhead = 353.50 x (1 + 20%) = 424.20
a) Operating Profit = 680 - 424.20 = 255.80
b) Profit = 680 x (1 - 25%) - 424.20 = 85.80
c) Rate of markdown = 424.20 / 680 - 1 = -37.62%
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