Reference no: EM132461686

Question 1 - Amanda purchases flowers for $2 each and her regular selling price is $4.25.

a. If she makes a profit of $1.85 on each flower, calculate her overhead expenses per flower.

b. During Valentine's Day, if she offers a rate of markdown of 20%, calculate the reduced selling price and the profit or loss that she makes on the sale of each flower.

Question 2 - FootWorks purchases shoes for $30 each pair and sells them at a regular price of $42 each pair.

a. If the profit made is $5.25 per pair, calculate the overhead expense per pair.

b. If the discount offered during a Boxing Week sale is 20%, calculate the reduced selling price and the profit or loss made on the sale of each pair.

Question 3 - Jacy, a reseller of printers, purchases printers for $300 each and marks them up by 40% on cost to make a profit of $70 on each printer. If he marks them down by 10% during a sale, calculate his profit or loss on each printer at the sale price.