Water Sports Ltd. pays $360 less 25% for a backyard above-ground pool kit. Overhead expenses are 16

Question:

Water Sports Ltd. pays $360 less 25% for a backyard above-ground pool kit. Overhead expenses are 16 2/3% of the regular selling price, and the operating profit is 15% of the selling price.
a. What is the maximum rate of markdown the store can offer and still break even?
b. WhatistheprofitorlossperunitifWaterSportsclearsoutitsremainingstockat 20% off in a Hot August Bargains Sale?

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