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Calculate the reduced selling price

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Question - A retail outlet purchases shoes for $27 each pair and sells them at a regular price of $39 each pair.

a. If the profit made is $4.5 per pair, calculate the overhead expense per pair.

b. If the markdown offered during a Boxing Week sale is 20%, calculate the reduced selling price and the profit or loss made on the sale of each pair.

Reference no: EM132524955

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