A dealer purchased machinery for $57,750.00 per unit. His overhead expenses are 30.00% of the cost and he desires an operating profit of 40.00% of the cost. During a sale, he offers a markdown of 21.00%. a. Calculate the reduced selling price per unit. Round to the nearest cent b. Calculate the break-even price.

A dealer purchased machinery for $57,750.00 per unit. His overhead expenses are 30.00% of the cost and he desires an operating profit of 40.00% of the cost. During a sale, he offers a markdown of 21.00%. a. Calculate the reduced selling price per unit. Round to the nearest cent b. Calculate the break-even price.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

b. Calculate the break-even price.
Round to the nearest cent
c. Calculate the profit or loss made per unit at the reduced selling price.
Round to the nearest cent. Use a negative sign to represent a loss
SAVE PROGRESS
acer

A dealer purchased machinery for $57,750.00 per unit. His overhead expenses are
30.00% of the cost and he desires an operating profit of 40.00% of the cost. During a
sale, he offers a markdown of 21.00%.
a. Calculate the reduced selling price per unit.
Round to the nearest cent
b. Calculate the break-even price.
SAVE PROGRESS
SUBMIT ASSG
acer

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