A distributor purchases industrial fans for $147 each. Its profit is 10% on selling price and markup

Question:

A distributor purchases industrial fans for $147 each. Its profit is 10% on selling price and markup is 30% on selling price.

a. What is the regular selling price of the fans?

b. During a trade show, if the distributor offers a markdown of 7.5% on its fans, calculate the reduced profit or loss made per fan.

c. What is the rate of markdown to sell the fans at the break-even price?

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