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A business pays $68 for a car seat and wants a 24% markup for operatingexpenses...

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A business pays $68 for a car seat and wants a 24% markup for operatingexpenses as well as a 6% markup for profit. However, customers think thecar seats are ugly, so they are not selling. Management reduces the price ofeach car seat by $30 to get rid of them. Find:A. the selling price $B. the reduced price $C. the percent markdownD. Which one, profit, operating loss, or absolute loss?E. What is the amount of profit, operating loss, or absolute loss? $

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