Unit operating expenses for an item costing $84 are estimated at 50% of cost, and the desired operating profit is 15% of cost.

a.Determine the selling price.(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Selling price$

b.Determine the rate of markup on cost.(Do not round intermediate calculations and round your final answer to 1 decimal place.)

Markup on cost%

c.Determine the rate of markup on selling price.(Do not round intermediate calculations and round your final answer to 1 decimal place.)

Markup on selling price%