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3) A distributor purchases industrial fans for $148 each. Its profit is 9.00% on selling price and markup is 25.00% on selling price. During a

3) A distributor purchases industrial fans for $148 each. Its profit is 9.00% on selling price and markup is 25.00% on selling price. During a trade show, if the distributor offers a markdown of 8.50% on its fans, calculate the reduced profit or loss made per fan.

Round to the nearest cent. Express a loss as a negative

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