Question: Hal's hardware buys a 1 chisel for $ 6 . 2 5 and marks it up 7 5 % on cost . Operating expenses

Hal's hardware buys a 1" chisel for $ 6.25 and marks it up 75% on cost. Operating expenses are 40% of cost. what is the largest possible percent markdown hal's can offer without incurring any loss?

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