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Home Furniture paid $59 for a lamp. Expenses are 12% of selling price and the required profit is 20% of selling price. Round ALL answers
Home Furniture paid $59 for a lamp. Expenses are 12% of selling price and the required profit is 20% of selling price. Round ALL answers to the nearest cent if applicable. 1) What is the regular selling price? 2) What is the break-even selling price? 3) During an inventory sale, the lamp was marked down 27% on the regular selling price. What is the sale price? 4) What is the operating profit or loss during the inventory sale (use a negative sign () for a loss)
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