A dealer purchased machinery for $66,000.00 per unit. His overhead expenses are 25.00% of the cost and he desires an operating profit of 30.00% of the cost. During a sale, he offers a markdown of 20.00%. a. Calculate the reduced selling price per unit. Round to the nearest cent 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 your answer to two decimal places. Round to the nearest cent. Use a negative sign to represent a loss

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A dealer purchased machinery for $66,000.00
per unit. His overhead expenses are 25.00% of
the cost and he desires an operating profit of
30.00% of the cost. During a sale, he offers a
markdown of 20.00%.
a. Calculate the reduced selling price per unit.
Round to the nearest cent
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 your answer
to two decimal places.
Round to the nearest cent. Use a negative sign
to represent a loss
Transcribed Image Text:A dealer purchased machinery for $66,000.00 per unit. His overhead expenses are 25.00% of the cost and he desires an operating profit of 30.00% of the cost. During a sale, he offers a markdown of 20.00%. a. Calculate the reduced selling price per unit. Round to the nearest cent 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 your answer to two decimal places. Round to the nearest cent. Use a negative sign to represent a loss
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