ii. The following budget information is available: No. / Units Unit Price Total Revenue 1,000,000 2.30 2,300,000 Less: Direct cost of sales Employee costs Other overheads 1,000,000 15 500,000 1.20 1,200,000 35,000 525,000 0.55 275,000 2,000,000 Budgeted net profit 300,000 Calculate the budgeted Net Profit percentage. [1] iii. Following on from b (ii), management have just been informed of the following two developments: to secure the new project, sales prices must be discounted by 5% as a result of planned increase in the National Minimum Wage, employee costs will rise by 8% for five of their employees. Calculate the revised budgeted net profit and revised budgeted net profit percentage as a result of these two developments. [3]