Home System Alarms buys wireless alarm systems for $4000.00 less 30%,10% on November 11, 2015 with 3/15, n/30 E.O.M. They paid the invoice on Dec 28, 2015 after the festival season. Their expenses are 25% of the regular selling price and as per their pricing strategy they must realize the profit of 20% of the regular selling price. Also according their pricing strategy, all merchandise is marked with a new regular selling price so that the store can advertise a discount of 40% while still maintaining its regular markup. However after Boxing Day, during the annual clearance sale, the new regular selling price of unsold items is further marked down giving an addition discount of 25%. Questions 1. What is the cost of alarm system? 2. What is the regular selling price and break-even price? 3. What is the maximum rate of markdown that the store can offer to break even? 4. What operating profit or loss does the store make on items sold during annual clearance sale