QUESTION 3 (20 Marks) 3.1 REQUIRED Use the information provided below to calculate the profit to Mersat Stores if: 3.1.1 All the sales are for cash. (1 mark) 3.1.2 Seventy percent (70%) of the sales are on credit and the balance is for cash. All accounts are paid in 30 days (4 marks) 3.1.3 All the sales are on credit and the credit terms are 4/10 net 30 days. Suppose this discount applies to 75% of the credit sales (5 marks) INFORMATION Mersat Stores expects to sell 10 000 units of Product Zap at a price of R25 per unit. The cost to manufacture the product is R10 per unit. If the sales are made on credit collection costs of approximately 5% of sales are likely to be incurred. The cost of capital to the company is 18%