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What is the break-even selling price

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Question - Home Hardware paid $85 for a particular type of drill. Expenses are 23% of selling price and the required profit is 16% of selling price.

1) What is the regular selling price?

2) What is the break-even selling price?

3) During an inventory sale, the drill was marked down 16% on the regular selling price. What is the sale price?

4) What is the operating profit or loss during the inventory sale (use a negative sign (-) for a loss)?

Reference no: EM133177798

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