1 The owner of Perabut Alaf Baru bought a living room set at RM2.800. The operating expenses of selling the set are 25% of the cost. If the seller wants a net profit of 15% of the cost, calculate the: a) selling price of the living room set, b) gross profit obtained. (3 marks) (2 marks) (2 marks) d) maximum percentage of markdown that can be offered without incurring any loss. (3 marks) c) breakeven price, QUESTION 2 A retailer purchased 20 toasters at a list price of RM40 each and was offered trade discounts of 10%. 8%. He then sold the toasters with a gross profit of 75% based on the cost. If the operating expenses was 15% based on the selling price, find: a) the net price of each toaster after the trade discounts. (2 marks) b) the selling price of each toaster. (3 marks) c) the breakeven price of each toaster. (2 marks) d) the maximum markdown of each toaster that could be given without incurring any loss