What is the sale price at kitchen store

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Reference no: EM1384980

The Kitchen Store bought a set of pots with a $120 list price from Corning Manufacturing. The Kitchen Store receives a 25% trade discount. Terms of the sale were 2/10, n/30. On July 14, The Kitchen Store sent a check to Corning for the pots. The Store's expenses are 20% of the net price. The Store must also make a profit of 15% on the total costs (cost plus expenses). A competitor marked down the same set of pots 30%. Assume The Kitchen Store then reduces its selling price by 30% as well

What is the sale price at Kitchen Store?

What was the operating profit or loss?

Reference no: EM1384980

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