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A Lawn Mower Retails for $349

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A lawn mower retails for $349. The dealer's overhead is 25% of cost, and normal operating profit is 16
A lawn mower retails for $349. The dealer's overhead is 25% of cost, and normal operating profit is 16 % 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 lawn mower at cost? % 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 lawn mower at cost?

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