A distributor purchases industrial fans for $180 each. Its profit is 10.00% on selling price and markup is 30.00% on selling price. During a trade
A distributor purchases industrial fans for $180 each. Its profit is 10.00% on selling price and markup is 30.00% on selling price. During a trade show, if the distributor offers a markdown of 8.00% on its fans, calculate the reduced profit or loss made per fan.
____ (Round answer to the nearest cent, express a loss as a negative)
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Authors: Peter S Kaufman, Henry F Owsley
2nd Edition
1587983044, 978-1587983047
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