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What is the new selling price of the shorts

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Question - A clothing retailer marks shorts down to 12% below cost to clear them. The cost to the retailer was $20 per pair. She has 40 pairs of shorts left. What is the new selling price of the shorts? Assuming that all of the shorts are sold, what is the profit or loss that the retailer makes on the total sale? Specify the amount and if a profit or loss.

Reference no: EM133114833

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