Determine Largest Possible Percent Markdown: store purchases ceiling fan for $213.03

[kstoneman1]

A store purchases a ceiling fan for $213.03. They mark it up 128% on cost, and operating expenses are 51% of cost. What is the largest possible percent markdown they can offer without incurring any loss?

I have calculated:

• cost = 213.03
• operating expenses = 108.65
• break-even = 321.68
• selling price = 272.68
• loss = (49)

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Any help/direction on how to answer this question is appreciated.

 

[mmm4444bot]

A store purchases a ceiling fan for $213.03. They mark it up 128% on cost, and operating expenses are 51% of cost. What is the largest possible percent markdown they can offer without incurring any loss?

I have calculated:

cost = 213.03

operating expenses = 108.65

… selling price = 272.68

It looks like you added 28% to cost, instead of 128%.