Eddie's Electronics (25 min) Eddie's Electronics purchased 150 TV's from the manufacturer for $700 each less discounts of 20% and 5%. The regular markup on TV's is 30% of the regular selling price, and Eddies's overhead is 15% of the regular selling price. On the Boxing day sale, the sales price was reduced to $529. (a) What was Eddie's cost for each TV? (2 mark) (b) What was the regular selling price? (2 mark) (c) What was the rate of markdown for the sale? (2 marks) (d) What was the profit or loss on each TV at the sale price? (2 marks) O A D 4 * | | $ 2 HH Paragraph - BTE A P U s X x = = = | Font family - Font size - > . Tx (a) What was Eddie's cost for each TV? (2 mark) (b) What was the regular selling price? (2 mark) (c) What was the rate of markdown for the sale? (2 marks) (d) What was the profit or loss on each TV at the sale price? (2 marks) Michelle's payments (25 min.) Michelle was scheduled to make payments of $8,000 in 12 years from now, and $9,500 in 4 years from now. Assuming a rate of return of 5% compounded semi-annually, what single payment 3 years from now would be economically equivalent to the 2 scheduled payments. Draw a Timeline diagram, Solve the problem using Formula. Upload your solution