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Gabriella was in the business of purchasing sculptures from Brazil and selling them in Toronto at her boutique. On one consignment listed at $2,500, she
Gabriella was in the business of purchasing sculptures from Brazil and selling them in Toronto at her boutique. On one consignment listed at $2,500, she received trade discounts of 11.00%,8.00%, and 7.00%. The overhead expenses were 19.00% of her costs and she wanted to make a profit of 33.00% on cost. a. What is the regular selling price of the sculptures? Round to the nearest cent b. Calculate the profit she will make if she decides to markdown the selling price by 14.00%. Round to the nearest cent c. Calculate the maximum rate of markdown that she can offer so that she breaks even on the sale. % Round to two decimal places
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