A supplier purchased 1000 mousepads for $5 each. She sold 500 pads at their regular selling price of $12 each, 300 at a markdown of 20%, and the remaining at a price to break-even. The overhead expenses are 20% on cost.

a. Calculate her total profit or loss made from the sale of all mousepads.

b. What was the rate of markdown and amount of markdown offered on the remaining mousepads that were sold at break-even?

AppendixLO1