Solve the problem. Round rates to the nearest whole percent and dollar amounts to the nearest cent.The Galerie d'Art paid $136.5 for a limited edition Graux print. The original selling price was $204.75, but this was marked down 60% to make room for incoming pieces. If operating expenses are 28% of cost, find the operating loss and the absolute loss.
A. operating loss: $92.82
absolute loss: $122.85
B. operating loss: $92.82
absolute loss: $54.60
C. operating loss: $54.60
absolute loss: $92.82
D. operating loss: $122.85
absolute loss: $54.60
Answer: B
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