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Pet Value paid $87 for a dog bed. Expenses are 10% of selling price and the required profit is 21% of selling price. Round ALL
Pet Value paid $87 for a dog bed. Expenses are 10% of selling price and the required profit is 21% 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 dog bed was marked down 20% 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)?
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