A specific type of leather is needed to make gloves for a hockey player. The...

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Accounting

A specific type of leather is needed to make gloves for a hockey player. The leather for each glove costs $12.00. To cut and style the leather, expenses of 45% of cost are incurred. The company targets a profit of 60% of cost.
What is the targeted selling price for the leather glove?
What is the resulting markup based on cost?
If the profit was reduced to 50% of cost, how much would be the sale price?
At their outlet store, SportZ has a supply of soccer balls. To make room for other equipment, the balls are being marked down to sell quickly. The retail price is $22.99, and the store has advertised a sale of 30% off.
What is the sale price for the balls?
Due to a special promotion given to a school nearby, an additional $5.00 discount is given for each ball purchased. What is the resulting markdown rate?
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