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Question 16 of 17 Gabriella was in the business of purchasing sculptures from Brazil and selling them in Toronto at her boutique. On one consignment
Question 16 of 17 Gabriella was in the business of purchasing sculptures from Brazil and selling them in Toronto at her boutique. On one consignment listed at $2,500, she received trade discounts of 9.00%, 7.00%, and 7.00%. The overhead expenses were 19.00% of her costs and she wanted to make a profit of 32.00% on cost. a. What is the regular selling price of the sculptures? Round to the nearest cent b. Calculate the profit she will make if she decides to markdown the selling price by 15.00% Round to the nearest cent C. Calculate the maximum rate of markdown that she can offer so that she breaks even on the sale. %
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