A distributor purchases a machine for $185,000, less discounts of 5% and 3%. The distributor then sells

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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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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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