Borg Tennis Store sells the special "Top Spin" graphite tennis racquet for $140 each. Expenses represent 15% of the racket's cost and the required profit is 25% of cost. During a clearance sale at the end of the summer, this brand of tennis racket was marked down 40%. Questions: (a) Calculate the Cost of the tennis racket (3 marks) (b) Calculate the original amount of the markup (2 marks) (c) Calculate the original markup rate based on selling price ( 2 marks ) (d) Calculate the sale price of the racket after the markdown at the end of the summer (2 marks) (e) Calculate the operating profit or loss at the sale price (3 marks) (f) What markdown rate would Borg Tennis Store have to offer if it wants to break even on the sale of the Top Spin tennis racket? (4 marks) Focus + 23696