Miranda purchases office furniture for a wholesaler listed at $800, less discountes of 20% and 10%. She has overhead expenses of 20% of the cost and wants to have an operating profit if 30% of the cost.
a. What is the regular selling price of the office furniture?
b. After listing the item for one month, she markedit down by 10%. Calculate the profit or loss that she made at the reduced selling price.
c. What is the maximum amount of markdown that she can offer so that she breaks even on the sale?