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A clothing store buys gloves for $37.00 less 42% for buying over 50 pairs, and less a further 2021% for buying last season's style. The
A clothing store buys gloves for $37.00 less 42% for buying over 50 pairs, and less a further 2021% for buying last season's style. The gloves are then marked up to cover overhead expenses of 20% of cost and a profit of 2521% of cost. (a) What is the regular selling price of the gloves? (b) What is the maximum amount of markdown to break even? (c) What is the rate of markdown if the gloves are sold at the break-even price? (a) The selling price is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The amount of the markdown to break even is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The rate of markdown to break even is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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