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Question - A booth in a mall sells calendars. The calendars are purchased for $4.01 each and then sold to customers at a price of $9.99. Space is rented for $173.00 per day and wages amount to $304.00 per day. Answer each of the following independent questions.
(a) If the wages decrease to $261.44 per day, and other variables remain the same, how many calendars must be sold to break even?
(b) If the calendars are put on sale at 25% off the regular price, and all other variables remain the same, calculate profits if 170 calendars are sold in a day?
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