1.A store buys an item for $30.00. It also has $8.00 expenses associated with this item and wishes to make a profit of $3.00 The store breakeven point is

a.$11.00

b.$33.00

c.$38.00

d.$41.00

e.None of the above

2. If a store receives discount of 60% and 25%, then its net cost rate factor is

a. 0.05

b. 1/5

c. 20%

d. -5%

e. None of the above

3. If a store receives a discount of 10/40, then its net cost rate factor is

a. 37%

b. 63%

c. 25%

d. 50%

e. None of the above