The cost of manufacturing a product is $42. The factory has a profit of 42% on selling

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The cost of manufacturing a product is $42. The factory has a profit of 42% on selling price and markup of 65% on selling price.

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

b. During a trade show event, if the factory offers a markdown of 40%, calculate the reduced profit or loss made per product.

c. What is the rate of markdown offered to sell the products at 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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