Multiple Choice
A dining room set costs $400, less 30% and 10%. The overhead costs are 25% of cost and operating profit is 30% of cost. After three months, the set is reduced to $200. What was the operating profit or loss of the set at the reduced price?
A) loss $52
B) loss $115
C) loss $390.60
D) loss $175
E) loss $63
Correct Answer:

Verified
Correct Answer:
Verified
Q195: A product is purchased for $1,460 less
Q196: What was the profit (loss) at the
Q197: A 37.5% trade discount on a camera
Q198: An invoice for $25,000 dated March 15
Q199: Net price to a car dealer of
Q201: A wholesaler sells a jacket that is
Q202: If a grocery store's rate of mark-up
Q203: Acme Shoes marked up a pair of
Q204: On August 6, A&B Construction has three
Q205: Given the following:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Given the following: