A supplier lists a product at $430 and offers trade discounts of 25%, 20%, and...
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Accounting
A supplier lists a product at $430 and offers trade discounts of 25%, 20%, and 7% to a retailer for re-sale. The retailer sets the selling price to allow for overhead expenses of 35% of the selling price and profit of 10% of the selling price. During a sale, the product is marked down by 40%. For full marks your answer(s) should be rounded to the nearest cent.
What is the sale price?
What is the break-even price?
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