10. Get-Aways Company sells sightseeing tours of the Ottawa Valley for C$3849 per person. Overhead expenses for the company are 31% of cost and the target profit is 17% of cost.
(a) How much does Get-Aways Company pay for the tours?
(b) What is the lowest price they can offer while still covering all of the costs and expenses?
(c) What is the highest rate of markdown at which the company will still break even?