Home Hardware paid $138 for a particular type of drill. Expenses are 15% of selling price and the required profit is 17% of selling price. Round ALL answers to the nearest cent if applicable.

1) What is theregular selling price?

2) What is the break-even selling price?

3) During an inventory sale, the drill was marked down 18% 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)?