Ali buys sculptures from Toronto and sells them in her studio in Vancouver. He purchases the sculptures from a gallery in Toronto for $4,000, less discounts of 20% and 7%. His overhead expenses are 9.5% on the cost and he would like to make a profit of 45% on the cost of the sculptures. Calculate the following:

a.Regular selling price of the sculptures.

Round to the nearest cent

b.Ali's profit or loss if he offers a markdown of 18%.

Round to the nearest cent

c.Maximum markdown rate Ali can offer to sell at break-even price.

%Round to two decimal places