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Question - Eddie's Electronics purchased 150 TV's from the manufacturer for $700 each less discounts of 20% and 5%. The regular markup on TV's is 30% of the regular selling price, and Eddie's expenses are 15% of the regular selling price. On the Boxing day sale, the sales price was reduced to $456.
(a) What was Eddie's cost for each TV?
(b) What was the regular selling price?
(c) What was the rate of markdown for the sale?
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