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Olf's Golf store sells golf balls for $29 per dozen. The store's overhead expenses are 5% of cost and the owners require a profit of 19% of cost. a. How much does Rolf's Golf store buy the golf balls for? $0.00 per dozen $ Round to the nearest cent b. What is the price needed to cover all the costs and expenses? $ Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? % decimal places

Olf's Golf store sells golf balls for $29 per dozen. The store's overhead expenses are 5% of cost and the owners require a profit of 19% of cost. a. How much does Rolf's Golf store buy the golf balls for? $0.00 per dozen $ Round to the nearest cent b. What is the price needed to cover all the costs and expenses? $ Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? % decimal places

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Olf's Golf store sells golf balls for $29 per dozen. The store's overhead expenses are 5% of cost and the owners require a profit of 19% of cost. a. How much does Rolf's Golf store buy the golf balls for? $0.00 per dozen $ Round to the nearest cent b. What is the price needed to cover all the costs and expenses? $ Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? % Daund to hun darimal places
Transcribed Image Text:Olf's Golf store sells golf balls for $29 per dozen. The store's overhead expenses are 5% of cost and the owners require a profit of 19% of cost. a. How much does Rolf's Golf store buy the golf balls for? $0.00 per dozen $ Round to the nearest cent b. What is the price needed to cover all the costs and expenses? $ Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? % Daund to hun darimal places
c. What is the highest rate of markdown at which the store will still break even? % Round to two decimal places d. What markdown rate would price the golf balls at cost? % Round to two decimal places
Transcribed Image Text:c. What is the highest rate of markdown at which the store will still break even? % Round to two decimal places d. What markdown rate would price the golf balls at cost? % Round to two decimal places
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