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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%.

  1. What is the cost of the machines?
  2. What should the selling price be?
  3. What is the rate of markup on cost? on price?
  4. What would be the break-even price for an inventory sale?

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