A clothing merchant purchases a shipment of clothes for $38,000.00 with discounts of 9% and...
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Accounting
A clothing merchant purchases a shipment of clothes for $38,000.00 with discounts of 9% and 5%. He sells it to a customer at a price which includes 20% profit on cost and overhead expenses of 23% on cost. a. How much did it cost him to purchase the container of clothes? (x) Round to the nearest cent b. What was the selling price of the container of clothes? Round to the nearest cent c. Calculate the break-even selling price. Round to the nearest cent
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