A retail outlet purchases shoes for $27 each pair and sells them at a regular price of $42 each pair. a. If the profit made is $5.25 per pair, calculate the overhead expense per pair. Round to two decimal places b. If the markdown offered during a Boxing Week sale is 20%, calculate the reduced selling price and the profit or loss made on the sale of each pair. Reduced selling price: Round to two decimal places Profit or loss made: Enter profit as a positive value or loss as a negative, rounded to two decimal places

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