Question 3 (2 points) Listen A company sells gift baskets for $145.00. The cost to their business for the item is $56.00 with expenses of 33% of the cost. During a clearance sale they sell the baskets at a reduced price of $89.00. Determine the profit or loss resulting from selling the baskets at this clearance price. O profit of $14.52 loss of $33.00 loss of $14.52 loss of $70.52 Question 4 (2 points) Listen A dining room set that cost a business $2,400.00 is sold at a regular selling price of $3,480.00. Determine the rate of markup based on the cost. other 0 60.00% 45.00% 31.03%