A distributor purchases a machine for $185,000, less discounts of 5% and 3%. The distributor then sells
Question:
A distributor purchases a machine for $185,000, less discounts of 5% and 3%. The distributor then sells the machine to a client at a price, which includes 35% profit on selling price and overhead expenses of 20% on selling price.
a. How much did it cost to purchase the machine?
b. What was the selling price of the machine?
c. Calculate the break-even price.
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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