Operating Profit/loss Question. Please Help Me.

[Elena_W]

Jim purchased a set of clubs for $500 less 40%, 16% and two thirds%. Expenses are 20% of regular selling price and the required profit is 17.5% of the regular selling price. The store decided to change the regular selling price so that it could offer a 36% discount without affecting its margin. At the end of season, the unsold sets were advertised at a discount of 54% of the regular new selling price. What operating profit or loss was realized on the sets sold at the end of the season?

[Captain2]

Duplicate post

[1ozzy]

http://www.theanswerbank.co.uk/Jobs-and-Education/Question1445498.html

[Gizmonster]

..... and this post makes no more sense than the 1st one.

Elena, your first sentence doesn't make sense:

This bit is okay - //// Jim purchased a set of clubs for $500 less 40%, ////

Then the bit after makes no sense whatsoever - //// 16% and two thirds%. ////

[fiction-factory]

Don't waste any more time on it- go back and check teh uestion.
Or work it out ignoring the 16% and two thirds bit, and then you maybe able to tweak your answer quickly once you find out the corrected version of the question.