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A distributor purchases industrial fans for $175 each. Its profit is 11.00% on selling price and markup is 30.00% on selling price. During a trade

A distributor purchases industrial fans for $175 each. Its profit is 11.00% on selling price and markup is 30.00% on selling price. During a trade show, if the distributor offers a markdown of 9.50% 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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