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What operating profit or loss was made during week sale

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Question - Big Sound Electronics purchased equipment from the manufacturer at a cost of $960 less 30% and 15%. According to Big Sound's pricing strategy, all merchandise is marked at a price that allows an ongoing discount of 20% and maintains a profit of 15% of regular selling price. Overhead expenses are 25% of regular selling price. During its annual Boxing Week sale, the usual discount of 20% was replaced by a markdown of 45% on selected models. What operating profit or loss was made during the Boxing Week Sale?

Reference no: EM132604927

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