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Par Putters Company sells golf balls for $33 per dozen. The store overhead expense are 50% of cost and the owners require a profit of
Par Putters Company sells golf balls for $33 per dozen. The store overhead expense are 50% of cost and the owners require a profit of 23% 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?
Round all final answers to two decimal places as needed. Round all intermediate values to six decimal places.
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