The cost of a window air conditioner was $420 and had a markup on cost percentage of 45%. During a spring promotion, the selling price was reduced by $70. The required overheads and operating profit for the air conditioner are 35% and 10% of cost respectively For full marks your answer(s) should be rounded to the nearest cent. a) What is the regular selling price? Regular price = $ 0.00 b) What is the profit (loss) at the sale price? Profit on sale price = $ 0.00 c) What is the break-even price? Break-even price = $ 0.00

The cost of a window air conditioner was $420 and had a markup on cost percentage of 45%. During a spring promotion, the selling price was reduced by $70. The required overheads and operating profit for the air conditioner are 35% and 10% of cost respectively For full marks your answer(s) should be rounded to the nearest cent. a) What is the regular selling price? Regular price = $ 0.00 b) What is the profit (loss) at the sale price? Profit on sale price = $ 0.00 c) What is the break-even price? Break-even price = $ 0.00

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

The cost of a window air conditioner was $420 and had a markup on cost percentage of 45%. During a spring promotion,
the selling price was reduced by $70. The required overheads and operating profit for the air conditioner are 35% and 10%
of cost respectively
For full marks your answer(s) should be rounded to the nearest cent.
a) What is the regular selling price?
Regular price = $ 0.00
b) What is the profit (loss) at the sale price?
Profit on sale price = $ 0.00
c) What is the break-even price?
Break-even price = $ 0.00

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