Solved: How did the merchant come out on the bookcase, Finance Basics

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How did the merchant come out on the bookcase

Question:

The cost of a bookcase was $70.00. Overhead associated with the bookcase was $10.00. Markup on the bookcase was 80% of cost. The merchant marked the bookcase down by 25% for a sale. If the bookcase sold at this sale price, how did the merchant come out on the bookcase?

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Finance Basics: How did the merchant come out on the bookcase

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Finance Basics: How did the merchant come out on the bookcase

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