Solve the Problem

Multiple Choice

Solve the problem. Round rates to the nearest whole percent and dollar amounts to the nearest cent.
-The Galerie d'Art paid $138.60 for a limited edition Graux print. The original selling price was $180.18, but this was marked down 25% to make room for incoming pieces. If operating expenses are 28% of cost, find the operating loss and the absolute loss.

A) operating loss: $45.04
Absolute loss: $3.46
B) operating loss: $3.46
Absolute loss: $42.27
C) operating loss: $42.27
Absolute loss: $45.04
D) operating loss: $42.27
Absolute loss: $3.46