9. The cost to produce a new product is determined to be $180.00. You are to calculate the regular selling price for this item accounting for a series of trade discount of 15% and 4%. The operating profit is 20% of cost and the overhead expenses are only 6% of cost. a) What is the regular selling price of the new product? (5 marks) b) What is the markup amount in dollars? (1 mark)

Amount ($) % of ________

P C

MU OE

PFT

b) What is the markup amount in dollars?