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Solve maximum markdown rate ali can offer to sell

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Reference no: EM132569085

Ali buys sculptures from Toronto and sells them in her studio in Vancouver. He purchases the sculptures from a gallery in Toronto for $4,000, less discounts of 20% and 7%. His overhead expenses are 9.5% on the cost and he would like to make a profit of 45% on the cost of the sculptures.

Question 1: Calculate the following:

a. Regular selling price of the sculptures. Round to the nearest cent

b. Ali's profit or loss if he offers a markdown of 18%. Round to the nearest cent

c. Maximum markdown rate Ali can offer to sell at break-even price.

Reference no: EM132569085

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