1 rainbow marks up its clutch purses at 45 of the selling, Ask an Expert

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1. Rainbow marks up its clutch purses at 45% of the selling price. Mark Jacobs saw a clutch at a flea market that he would sell to his customers for $85.00. What is the most he could pay for the clutch and still retain the 45% markup of the selling price? (PLEASE SHOW ALL WORK AND CALCULATIONS)

2. Alaska Airlines has a net income of $60,000 before taxes. It's expected that 45% of the net income will go to federal and state taxes. How much will Alaska Airlines have left? (PLEASE SHOW YOUR WORK AND ALL CALCULATIONS as I do not understand this problem)!

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Financial Management, Finance

Category:- Financial Management
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