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Jay's Appliances bought an espresso machine for $150, less trade discounts of 20% and 10%. Jay includes operating expenses of $25 for each machine. Jay
Jay's Appliances bought an espresso machine for $150, less trade discounts of 20% and 10%. Jay includes operating expenses of $25 for each machine. Jay desires a profit margin of 10%.
- What is the cost of the machines?
- What should the selling price be?
- What is the rate of markup on cost? on price?
- What would be the break-even price for an inventory sale?
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