A clothing merchant purchases a container shipment of clothes for $35,000, less discounts of 10% and 5%.

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A clothing merchant purchases a container shipment of clothes for $35,000, less discounts of 10% and 5%. He sells it to a customer at a price which includes 20% profit on selling price and overhead expenses of 25% on selling price.

a. How much did it cost him to purchase the container of clothes?

b. What was the selling price of the container of clothes?

c. Calculate the break-even price.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Sep 19, 2024 06:04 AM

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A clothing merchant purchases a container shipment of clothes for $35,000, less discounts of 10% and 5%.

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Mathematics Of Business And Finance

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