Question
Nicole buys sculptures from Toronto and sells them in her studio in Vancouver. She purchases the sculptures from a gallery in Toronto for $2,000, less
Nicole buys sculptures from Toronto and sells them in her studio in Vancouver. She purchases the sculptures from a gallery in Toronto for $2,000, less discounts of 20% and 6%. Her overhead expenses are 9% on the cost and she would like to make a profit of 50% on the cost of the sculptures. Calculate the following: a. Regular selling price of the sculptures. $135.06 Round to the nearest cent b. Nicole's profit or loss if she offers a markdown of 20%. $0.00 Round to the nearest cent c. Maximum markdown rate Nicole can offer to sell at break-even price. 0.00 % Round to two decimal places
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