07 A retailer bought a chair for RM305. Operating expenses incurred in selling the chair were 25% of the cost. If the retailer wanted to make 15% net profit based on cost, find (a) the retail price, (2 marks) (CLO2.PL02:C2YCLO2.PLO2.C2) (6) the gross profit, (2 marks) (CLO2:PLO2.C2YCLO2:PLO2.C2) BUSS1611 FINAL ASSESSMENT SEPT/OCT 20 (c) the net profit, (2 marks) (CLO2:PLO2.C2XCLO2:PLO2:C2) (d) the breakeven price, (2 marks) (CLO2.PL.02:C2XCLO2:PLO2.C2) (e) the maximum markdown per cent that can be offered without making any loss, (4 marks) (CLO2.PLO2.C2)CLO2.PL02:C2) () If the table was sold at RM400, find the net profitloss. (2 marks) (CLO2:PLO2:C2XCLO2.PLO2.C2)