Problem 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.
Problem 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.
Problem 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.
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