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Canadian Tire paid $73 for a humidifier. Expenses are 12% of selling price and the...

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Canadian Tire paid $73 for a humidifier. Expenses are 12% of selling price and the required profit is 11% of selling price. Round ALL answers to the nearest cent if applicable, 1) What is the regular selling price? 2) What is the break-even selling price? 3) During an inventory sale, the humidifier was marked down 21% on the regular selling price. What is the sale price? 4) What is the operating profit or loss during the inventory sale (use a negative sign (-) for a loss)? > Next

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