Home Workshop Supply Obtains Table Saws for $720 Less 33 $\frac{1}{3}$

Short Answer

Home Workshop Supply obtains table saws for $720 less 33 $\frac{1}{3}$ % and 15%. A saw regularly priced at $750 was sold for $450. The shop's overhead is 22% of the regular selling price.
a) What was the markdown rate on the saw?
b) What was the profit or loss on the sale of the saw?
c) What rate of mark-up on cost was realized at the reduced price?