A mini mart sells a case of soda at ₱ XXXXXXXXXXThe store’s overhead expenses are 30% of cost and the owner wants a profit that is 25% of the cost. 1. What is the maximum amount of discount that can...

A mini mart sells a case of soda at ₱480.00. The store’s overhead expenses are 30% of cost and the owner wants a profit that is 25% of the cost.

1. What is the maximum amount of discount that can be offered without acquiring an absolute loss?

2. What is the rate of the discount?