Question 2 Hamisi Jawadu starts his own itinerant business of buying and selling onions after being retrenched by his employer. The following data pertains to his first such stint. i. Buys 10 bags (70 kgs. each) for a total price of Tsh. 80000/ = ii. Buys himself a good lunch for 1500/= and offers a 500/ =drink to an old friend he meets at the farms. (They went to the same primary school way back when they were young). iii. Pays 500/= to the boy who showed him where to obtain the best onions for the best price. iv. Spends a night while sourcing for the onions and pays 2000/ = on accommodation and breakfast. V. He is charged 1000/= per bag of onions as transportation costs to the town market. vi. The market master charges 200/= per bag landed as market fees. Required: (a) He plans for a 25% "return" on all business costs that are necessary, what price should he sell each bag of onions? (b) He finds that all other traders are selling a similarly packed bag of onions for 10,000/=, what now is his profit or loss per bag, if he has to sell the onions at this price? Why? (c) What if the onions are selling at 13,000/=, and that every other trader is selling at that price, what would you advise him to do? Explain