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Question 36

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Solve the problem. Round rates to the nearest whole percent and dollar amounts to the nearest cent.
-The Oak Gallery had a clearance sale during which it sold an oak coffee table for $233. If the cost was $164 and the operating expenses were 25% of cost, find the amount of profit or loss.


A) $17.25 loss
B) $28.00 profit
C) $17.25 profit
D) $28.00 loss

Correct Answer:

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