document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1026589>Question 1026589</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please Help! this question has been killing my brain\r<BR>\n" );
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document.write( "Edward’s Electronics is a small electronics store selling a variety of electronics equipment.<BR>\n" );
document.write( "It has a small but progressive camera department. Since Edward’s does not sell<BR>\n" );
document.write( "very many cameras during the year, it only has a small number in stock. Edward’s has<BR>\n" );
document.write( "just ordered six of the new digital cameras from Nikon. Edward’s owner has been told<BR>\n" );
document.write( "that the cost of each camera will be $170, with terms 2/15, n/30. The manufacturer’s<BR>\n" );
document.write( "suggested retail price (MSRP) of each camera is $400. Edward’s owner calculates that<BR>\n" );
document.write( "the overhead is 15% of the MSRP and that the desired profit is 18% of the MSRP.<BR>\n" );
document.write( "Sears has a large camera shop in its store in the mall in the same town. It has<BR>\n" );
document.write( "ordered 70 of the same cameras from Nikon. Sears has been offered both a cash discount<BR>\n" );
document.write( "and a quantity discount off the list price of $170. The cash discount is 3/20, n/45,<BR>\n" );
document.write( "while the quantity discount is 3.5%. Sears estimates its overhead is 25% of the MSRP<BR>\n" );
document.write( "and it would like to make a profit of 35% of the MSRP.<BR>\n" );
document.write( "Questions<BR>\n" );
document.write( "1. What is the cost per camera (ignoring taxes) for Edward’s Electronics and for<BR>\n" );
document.write( "Sears?<BR>\n" );
document.write( "2. For each store, what is the minimum selling price required to cover cost, overhead,<BR>\n" );
document.write( "and desired profits?<BR>\n" );
document.write( "3. If Edward’s and Sears sell the camera at the MSRP, how much extra profit will<BR>\n" );
document.write( "each store make<BR>\n" );
document.write( "(a) in dollars?<BR>\n" );
document.write( "(b) as a percent of MSRP?<BR>\n" );
document.write( "4. What rate of a markdown from MSRP can Edward’s offer to cover its overhead<BR>\n" );
document.write( "and make its originally intended profit? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #641910 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=641910\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "This is an Algebra website.  You need to find a business and finance site for this type of question.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large \ \\r\"> </SPAN>\n" );
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