A Snow Blower Retails for $489 $\frac{2}{3}$ % of Cost
A) What Is the Largest Amount of Markdown That

Short Answer

A snow blower retails for $489. The dealer's overhead is 20% of cost, and normal operating profit is 16 $\frac{2}{3}$ % of cost.
a) What is the largest amount of markdown that will allow the dealer to break even?
b) What rate of markdown will price the snow blower at cost?