Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Mr Smith makes wooden toys. To construct a train set, the parts cost him R260 and he charges an extra R100 labour. a)

image text in transcribed

2. Mr Smith makes wooden toys. To construct a train set, the parts cost him R260 and he charges an extra R100 labour. a) What should he sell it for if he wants to make 30% profit? b) c) A toy shop bought 10 of his trains, so he decided to give them 5% discount. How much profit did he make from the sale to the toy shop? The toy shop still needs to add VAT. Calculate the selling price of one train set in the store.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Finance

Authors: Scott Besley, Eugene F. Brigham

6th edition

9781305178045, 1285429648, 1305178041, 978-1285429649

More Books

Students also viewed these Finance questions

Question

What is the difference between SE(????) and se(????)?

Answered: 1 week ago