Question 12 Home Hardware paid $85 for a particular type of drill. Expenses are 16% of selling price and the required profit is 19% 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 drill was marked down 23% 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)? $