A firm pays ​$52 for a car seat and wants a 34​% markup for operating expenses as well as a 6​% markup for profit.​ However, customers think the car seats are​ ugly, so they are not selling. Management reduces the price of each car seat by ​$25 to get rid of them.
Find ​(a) the selling​ price,
​(b) the reduced​ price,
​(c) the percent of​ markdown,
and ​(d) any operating or absolute loss.