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A retailer wants to stock a radio selling for R20 in order to meet the competition from a nearby store.He allows 30% of the selling


A retailer wants to stock a radio selling for R20 in order to meet the competition from a nearby store.He allows 30% of the selling price for overhead expenses and 12% of the selling price for net profit. How much can he afford to pay for the radio if he wishes to obtain his normal mark-up?

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The retailer can afford to pay R1160 for the radio Heres how we can find the cost price Calculate the total percentage for overhead expenses and net p... blur-text-image

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