Question: a. What is the cost per camera (ignoring taxes) for Edwards Electronics and for Sears? b. For each store, what is the minimum selling price

a. What is the cost per camera (ignoring taxes) for Edward’s Electronics and for Sears?
b. For each store, what is the minimum selling price required to cover cost, over-head, and desired profits?
c. If Edward’s and Sears sell the camera at the MSRP, how much extra profit will each store make?
(1) In dollars?
(2) As a percent of MSRP?
d. What rate of a markdown from MSRP can Edward’s offer to cover its overhead and make its originally intended profit?

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