Math Problem Statement
Lowes Farm Supply paid $142 for a large bag of fertilizer. Expenses are 15% of selling price and the required profit is 14% of selling price. Round ALL answers to the nearest cent if applicable. 1) What is the regular selling price? $Correct 2) What is the break-even selling price? $ 3) During an inventory sale, the fertilizer was marked down 15% on the regular selling price. What is the sale price? $Correct 4) What is the operating profit or loss during the inventory sale (use a negative sign (-) for a loss)? $
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage
Profit and Loss
Formulas
-
Theorems
-
Suitable Grade Level
High School
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