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Find what is the regular selling price

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Home Furniture paid $149 for a lamp. Expenses are 16% of cost and the profit is 25% of cost. Round the answers to the nearest cent if necessary.

Problem 1) What is the regular selling price?

Problem 2) To help clear inventory, the lamp was sold at break-even during a sale. What is the break-even selling price?

Reference no: EM132740034

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