Undergraduate

A department store paid $ 4 5 . 7 8 4 5 . 7 8 for a wine seta wine set . Overhead expense is

A department store paid
$45.7845.78
for
a wine setawineset.
Overhead expense is
10%10%
of the regular selling price and profit is
11%11%
of the regular selling price. During a clearance sale, the set was sold at a markdown of
45%.45%.
What was the operating profit or loss on the sale?

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