Lowes Farm Supply paid $146 for a large bag of fertilizer. Expenses are 12% of selling price and the required profit is 10% 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 fertilizer was marked down 16% 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)? $ Check AnswerQuestion 5

Lowes Farm Supply paid $146 for a large bag of fertilizer. Expenses are 12% of selling price and the required profit is 10% of selling price. Round ALL answers to the nearest cent if applicable. 1) What is the regular selling price? $11 2) What is the break-even selling price? 3) During an inventory sale, the fertilizer was marked down 16% 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)