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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.
How can compare current break-even point in units? Her ideas include the installation of a new lighting system and increased display space
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