Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

reply quick pleaseeeeeee PLEASE ANSWER ALL QUESTIONS NEED URGENTLY Canadian Tire paid $103 for a humidifier. Expenses are 23% of cost and the profit is

reply quick pleaseeeeeee image text in transcribed
PLEASE ANSWER ALL QUESTIONS
NEED URGENTLY
image text in transcribed
Canadian Tire paid $103 for a humidifier. Expenses are 23% of cost and the profit is 24% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the humidifier was sold at break-even during a sale. What is the break-even selling price? Canadian Tire paid $108 for a humidifier. Expenses are 20% of selling price and the required profit is 24% 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 humidifier was marked down 15% 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)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions