# Jewellers Mark Store paid \$47.29 for a watch.  Store expenses are 24% of regular selling price and the normal net profit is 20% of regular selling price.  During a Special Bargain Day Sale, the...

Jewellers Mark Store paid \$47.29 for a watch.  Store expenses are 24% of regular selling price and the normal net profit is 20% of regular selling price.  During a Special Bargain Day Sale, the watch was sold at a discount of 36%.  What operating profit or loss was realized on the sale?

Round your answer properly to two decimal places.  A positive value indicates profit, a negative value indicates loss.

\$  ____________

llltkl | Student

Let the selling price of the watch by Jewellers Mark Store be \$x.

They paid \$47.29 for buying it.

Add to it, the store expenses = 0.24*x

Subtract, discount =0.36*x

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Selling price of the watch= \$47.29+0.08x

By condition,

`\$47.29+0.08x=x`

`rArr 0.92x=\$47.29`

`rArr x=\$47.29/0.92=\$51.40`

Operating profit = `\$(51.40-47.29)=\$4.11`