Lionel purchases office furniture from a wholesaler listed at $900, less discounts of 15% and 8%. He has overhead expenses of 18% of the cost and wants to have an operating profit of 45% of the cost.

a. Calculate the regular selling price of the office furniture.

Round to the nearest cent

b. After listing the furniture for one month, he marked it down by 21%. Calculate the profit or loss that he made at the reduced selling price.

Round to the nearest cent

c. What is the maximum rate of markdown that he can offer so that he breaks even on the sale?

%

Round to two decimal places