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Aldo Shoes bought a shipment of 743 pairs of women's shoes for $28.00 per pair. The store sold 168 pairs at the

regular selling price of $183 per pair, 45 pairs at a clearance sale at a discount of 49%, and the remaining pairs during an inventory sale at a price that equals cost plus overhead (ie-break event price). The store's overhead is 29% of cost

a) What is the price at which the shoes were sold during the clearance sales?

b) What is the selling price during the inventory sales?

c) What is the total profit realized on the shipment?

d) What was the average rate of markup based on cost that was realized on the shipment?

Answers are:

(a) 93.33

(b) 36.12

(c) 27250.29

(d) 159.99%

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