Nelson Hardware ordered a shipment of gas barbecues at a suggested retail price of $459 less trade discounts of 25% and 10%. The manager intends to sell the barbecues at the suggested retail price. If overhead expenses are 20% of the selling price:
a. What will be the unit operating profit?
b. What is the rate of markup on cost?
c. What is the rate of markup on selling price?
d. What would be the break-even selling price for an inventory clearance sale?