Question: Unit operating expenses for an item costing $ 2 5 are estimated at 4 0 % of cost , and the desired operating profit is

Unit operating expenses for an item costing $25 are estimated at 40% of cost, and the desired operating profit is 10% of cost.
a. Determine the selling price. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Selling price
$
b. Determine the rate of markup on cost.(Do not round intermediate calculations and round your final answer to 1 decimal place
Markup on cost %
c. Determine the rate of markup on selling price. (Do not round intermediate calculations and round your final answer to 1 decim place.)
Markup on selling price
Unit operating expenses for an item costing $25 are estimated at

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