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A Snowblower Retails for $489

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A snowblower retails for $489. The dealer's overhead is 20% of cost, and normal operating profit is 16
A snowblower retails for $489. The dealer's overhead is 20% 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 snowblower 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 snowblower at cost?

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a) $59.63
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