Question
Home Hardware paid $150 for a particular type of drill. Expenses are 17% of selling price and the required profit is 15% of selling price.
Home Hardware paid $150 for a particular type of drill. Expenses are 17% of selling price and the required profit is 15% 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 drill was marked down 21% 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)? $ ___________
PLEASE ANSWER ALL THE QUESTIONS ABOVE! THANKS. I WILL GIVE A RATING!
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