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✔ https://StudyForce.com ✔ https://Biology-Forums.com ✔ Ask questions here: https://Biology-Forums.com/Ask Note: The following problems involve discount, markups, and markdowns. Given the complexity of each scenario, these problems do not follow a one-size-fits-all approach. Instead, they require a true understanding of the relationships between the original price, the percentage change, and the final price. Q1. An appliance store sold Nespresso coffee machines for $99.99 during a promotional sale. The store bought the coffeemakers for $105 less 35% and 15%. Overhead is 25% of the regular selling price. a) If the store's markup is 90% of the regular selling price, what was the rate of markdown? • A markup accounts for overhead, operating expenses, and the desired profit margin; it represents a portion of the selling price. b) What operating profit or loss was made during the sale? c) What rate of markup based on cost was realized (i.e. achieved)? Q2. A clothing dryer cost a dealer $620 less 371/2 % and 4%. It is regularly priced at $558. The dealer's overhead is 15% of the regular selling price and the dishwasher was cleared out for $432.45 a) What is the rate of markdown at which the dishwasher was sold? b) What is the regular markup based on selling price? c) What was the operating profit or loss? d) What rate of markup based on cost was realized?