1. A jewelry store paid a unit price of $250 less 40%. 16 %, 8% for a shipment of designer watches. The store's overhead expenses are 65% of cost and the required profit is 55% of cost. a) What is the regular selling price of the watches? 1a b) What is the single rate of discount equivalent to the above series of discounts, 40%, 16 %, 8%? 1b c) Find the percent of markdown that can be offered without taking a loss. 1c