Teh Teratai Sdn$.$ Bhd$.$ involved in making and distributing its herbal tea product, Hebat inBandar Tengah. Its annual fixed cost is RM$162,000,$ where RM$130,000$ is for theadministration and distribution effort involved in selling the products. The sales manager istargeting a total of $35,000$ boxes would be sold per year. The variable cost for processing isRM$2$ per box and its variables sales expense is $30$ percent of the selling price. There will beno administrative cost incurred. The management is targeting a profit of RM$160,000$ for thecurrent year. $($a$)$ Based on the above information, determine the selling price of one box of Hebat. $($b$)$There are several reasons for cost$-$based approach of a product to become popular andimportant in pricing decision. Discuss these reasons.