A company paid $212.60 for an item. The original price was $294.90, but this was marked down 35%. If the operating expenses are 31% of the cost, find the operating loss and the absolute loss What is the operating loss? Round to the nearest cent)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company paid $212.60 for an item. The original price was $294.90, but this was marked down 35% if the operating expenses are 31% of the cost, find the operating loss and the absolute loss
What is the operating loss?
Round to the nearest cent)
Transcribed Image Text:A company paid $212.60 for an item. The original price was $294.90, but this was marked down 35% if the operating expenses are 31% of the cost, find the operating loss and the absolute loss What is the operating loss? Round to the nearest cent)
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