Question: A lawn mower retails for $ 3 4 9 . The dealer's overhead is 2 5 % of cost , and normal operating profit is
A lawn mower retails for $ The dealer's overhead is of cost and
normal operating profit is of cost
a What is the largest amount of markdown that will allow the dealer to
break even? Do not round the intermediate calculationssteps Round
your answer to two decimal places.
Amount $
b What rate of markdown will price the lawn mower at costDo not
round the intermediate calculationssteps Round your answer to one
decimal place.
Rate
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