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A store buys an item for $40 and regularly sells it for $50. If overhead expenses are 15% of cost and net profit is 10%
A store buys an item for $40 and regularly sells it for $50. If overhead expenses are 15% of cost and net profit is 10% of cost, find the store's (a) overhead expenses, (b) net profit and (c) breakeven point on this item
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