Office Furniture Is Purchased for $4,685 Less 48% and 21

question 97

Multiple Choice

Office furniture is purchased for $4,685 less 48% and 21% from a distributor. The normal retail selling price on the furniture is $2,850. Operating expenses are 31% of retail selling price. Determine the profit or loss, if the furniture is sold at a discounted price of $2,422.50.

• A) $98.72 Loss
• B) $98.72 Loss.
• C) $385.60 Profit
• D) $385.60 Loss
• E) $41.90 Profit

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Definitions:

Rhonchi

Low-pitched, rattling lung sounds that suggest blockage or secretion in the larger airways.

Bronchial

Pertaining to the bronchi, the major air passages to the lungs, which can become inflamed or obstructed in respiratory diseases.

Vesicular

Pertaining to or characterized by small fluid-filled blisters or vesicles, often related to skin conditions or infections.

Large Lung Airways

The wider passages within the lungs through which air moves in and out, including trachea and bronchi, critical for respiration.