REQUIRED Use the information provided below to calculate the percentage return on sales (expressed to two decimal places). (5 marks) INFORMATION Selenite Limited intends entering a new market and market research has revealed that its sales would increase by 20000 units if the product is sold on credit. The cost price of the product it intends selling to this market is R 80 per unit ard a profit mark-up of 40% would be applied. A provision for bad debts of 14% of the sales would be made. Collection costs on the new accounts are estimated at 5.5% of sales. The lax rate of the company is 27%