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A clothing distributor purchases a machine for $186,000 less discounts of 11% and 4%. The distributor then sells the machine to a client at a price, which include: 32% profit on cost and overhead expenses of 22% on cost. a. How much did it cost to purchase the machine? Round to the nearest cent b. What was the selling price of the machine? Round to the nearest cent c. Calculate the break-even price.

A clothing distributor purchases a machine for $186,000 less discounts of 11% and 4%. The distributor then sells the machine to a client at a price, which include: 32% profit on cost and overhead expenses of 22% on cost. a. How much did it cost to purchase the machine? Round to the nearest cent b. What was the selling price of the machine? Round to the nearest cent c. Calculate the break-even price.

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.5: Solve Linear Inequalities
Problem 2.118TI: Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per...
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A clothing distributor purchases a machine for $186,000 less discounts of 11% and 4%. The distributor then sells the machine to a client at a price, which include: 32% profit on cost and overhead expenses of 22% on cost. a. How much did it cost to purchase the machine? Round to the nearest cent b. What was the selling price of the machine? Round to the nearest cent c. Calculate the break-even price. Round to the nearest cent SAVE PR 15°C Cip %23
Transcribed Image Text:A clothing distributor purchases a machine for $186,000 less discounts of 11% and 4%. The distributor then sells the machine to a client at a price, which include: 32% profit on cost and overhead expenses of 22% on cost. a. How much did it cost to purchase the machine? Round to the nearest cent b. What was the selling price of the machine? Round to the nearest cent c. Calculate the break-even price. Round to the nearest cent SAVE PR 15°C Cip %23
A clothing distributor purchases a machine for $186,000 less discounts of 11% and 4%. The distributor then sells the machine to a client at a price, which include: 32% profit on cost and overhead expenses of 22% on cost. a. How much did it cost to purchase the machine? Round to the nearest cent b. What was the selling price of the machine? Round to the nearest cent c. Calculate the break-even price. Round to the nearest cent SAVE PRO 15°C
Transcribed Image Text:A clothing distributor purchases a machine for $186,000 less discounts of 11% and 4%. The distributor then sells the machine to a client at a price, which include: 32% profit on cost and overhead expenses of 22% on cost. a. How much did it cost to purchase the machine? Round to the nearest cent b. What was the selling price of the machine? Round to the nearest cent c. Calculate the break-even price. Round to the nearest cent SAVE PRO 15°C
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