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a clothing merchant purchases a shipment of clothes for $ 37000 with discounts of 11% and...

a clothing merchant purchases a shipment of clothes for $ 37000 with discounts of 11% and 6%. he sells it to a costumer at a price which includes 21 % profit on selling price and on overhead expenses of 22% on selling price.
how much did it cost to purchase a container of clothes.
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Answer #1

Calculation of cost to purchase a container

Purchase price $ 37000

Less:11% Discount $ 4070

$ 32930

Less;6% Discount    $ 1976

Total purcahse cost $ 30954

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