Business mathematics

XYZ Company sells bookshelves for $83.2 each. The store's overhead expenses are 20% of cost and the owners require a profit of 40% of cost. The business owner would like to find out the highest rate of discount (or markdown) at which the store will cover only the costs so that the business will not incur an absolute loss. Therefore, he has to figure out the reduced price (SR) he should set that covers only the costs. He asks for your help to identify the reduced price in this case. What is the reduced price (SR) for each bookshelf? (Choose from the options below)