A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the break-even price?
A) $282.24
B) $255.78
C) $266.40
D) $270.90
E) $291.90

Question

Quizplus · Accepted Answer

The Answer of A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the break-even price?
A) $282.24
B) $255.78
C) $266.40
D) $270.90
E) $291.90

A Product Costing $350, Less 30%, 20%, and 10%, Sells