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ZYZ Company sells tables for $100 each after purchasing the tables from a supplier. The store's overhead expenses are 40% of cost, and the
ZYZ Company sells tables for $100 each after purchasing the tables from a supplier. The store's overhead expenses are 40% of cost, and the owners require a profit of 20% of cost. Answer the following questions, and choose the closest answer from the possible choices following each question: What is the regular selling price (SP) based on the information given in the question? For how much does ZYZ Company pay for each table that it has purchased from the supplier? Choose... : Choose : What is the price needed to cover all of the costs and expenses? Choose.. What is the operating profit or loss for each table that it sells at the regular selling price (SP)? Choose... What is the highest rate of markdown at which the store will still cover all of the costs and expenses? (Express in percentage with four decimal places ie., .0001%) Choose What is the sale price (reduced price) if the table is marked down 10% ? Choose
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