Eastside Pawn Shop bought items for $241.00 less 13%, 20%, 11.5%. The store's overhead is 36% of regular selling price and the profit required is 47% of regular selling price.
a) What is the break-even price?
b) What is the maximum rate of markdown that the store can offer to break even?
c) What is the realized rate of markup based on cost if the items are sold at the break-even price?

Question

Quizplus · Accepted Answer

The Answer of Eastside Pawn Shop bought items for $241.00 less 13%, 20%, 11.5%. The store's overhead is 36% of regular selling price and the profit required is 47% of regular selling price.
a) What is the break-even price?
b) What is the maximum rate of markdown that the store can offer to break even?
c) What is the realized rate of markup based on cost if the items are sold at the break-even price?

Eastside Pawn Shop Bought Items for $241