Aldo's Shoes bought a shipment of 685 pairs of women's shoes for $50.00 per pair....
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Aldo's Shoes bought a shipment of 685 pairs of women's shoes for $50.00 per pair. The store sold 164 pairs at the regular selling price of $154.00 per paur, 86 pairs at a clearence sale at a discount of 48% and the remaining pairs during an inventory sale at a price that equals cost plus overhead. The store's overhead 24% of cost
What was the price at which the shoes were sold during the clearance sale?
What was the selling price during the inventory sale?
What was the total profit realized on the shipment?
What was the average rate of markup based on cost that was realized on the shipment?
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