A department store paid $46.83 for a cookware set. Overhead expense is 18% of the...
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Accounting
A department store paid $46.83 for a cookware set. Overhead expense is 18% of the regular selling price and profit is 24% of the regular selling price. During a clearance sale, the set was sold at a markdown of 34%. What was the operating profit or loss on the sale? The operating was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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