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Q7. A retailer bought a branded watch for RM5000. Operating expenses incurred in selling the furniture were 20% of the cost. If the retailer wanted
Q7. A retailer bought a branded watch for RM5000. Operating expenses incurred in selling the furniture were 20% of the cost. If the retailer wanted to make 15% net profit based on cost, find (a) the retail price, (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (b) the gross profit, (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (c) ) the net profit, (d) the breakeven price, (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (e) the maximum markdown per cent that can be offered without making any loss. (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (f) ) If the furniture was sold at RM5750, find the net profit/loss. (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2)
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