A store purchased an item for $25 and planned to sell it for $43.75 so that their profit would be 45% of their cost. If they were unable to sell it for this amount, what minimum selling price would allow them to break even?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A store purchased an item for $25 and planned to sell it for $43.75 so that their profit would be 45% of their cost. If they were unable to sell it for this amount, what minimum selling price would allow them to break even?

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