Calculate the regular selling price of the sculptures

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Reference no: EM133180135

Question - Stephanie buys sculptures from Toronto and sells them in her studio in Vancouver. She purchases the sculptures from a gallery in Toronto for $3,500, less discounts of 20% and 7%. Her overhead expenses are 9% on the cost and she would like to make a profit of 50% on the cost of the sculptures.

a. Calculate the regular selling price of the sculptures.

b. Calculate the Stephanie's profit or loss if she offers a markdown of 22%.

c. Calculate the maximum markdown rate Stephanie can offer to sell at break-even price.

Reference no: EM133180135

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