A distributor purchases industrial fans for $151 each. Its profit is 11.00% on selling price and markup is 25.00% on selling price. During a trade show, if the distributor offers a markdown of 9.50% on its fans, calculate the reduced profit or loss made per fan.

Shannon purchased dress shirts to sell in her clothing store that has overhead expenses equal to 11.00% of costs. To make a profit of 12.00% of the cost, she sells them at a regular price of $55.00 each.

a. What rate of markdown is required to sell the shirts at break-even?

b. What rate of markdown is required to sell the shirts at cost?