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The Cook's Paradise paid $79 for a kitchen knife set. Expenses are 12% of selling price and the required profit is 17% of selling price.

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The Cook's Paradise paid $79 for a kitchen knife set. Expenses are 12% of selling price and the required profit is 17% 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 knife set was marked down 28% 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)

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