34. A remote-controlled toy truck is sold for $49.95 during the Christmas season. The store adds $12 for operating
expenses to the cost of $25.

a. What percent of selling price is the net profit?

b. On January 1, the truck is put on sale priced at the breakeven point. What is the selling price?

c. If the last of the trucks must be reduced to $2195, how large are the operating loss and the absolute loss