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Par Putters Company sells golf balls for $32 per dozen. The store's overhead expenses are 34% of cost and the owners require a profit of
Par Putters Company sells golf balls for $32 per dozen. The store's overhead expenses are 34% of cost and the owners require a profit of 22% of cost. (a) For how much does Par Putters Company buy one dozen golf balls? (b) What is the price needed to cover all of the costs and expenses? (c) What is the highest rate of markdown at which the store will still break even? (a) The cost of one dozen golf balls is $ per dozen. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (b) The price needed to cover all of the costs and expenses is $ (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (c) The highest rate of markdown is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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