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The questions are related to mark up and mark down topic. Rose Jewelry would like to sell a box of brooch at the price of
The questions are related to mark up and mark down topic. Rose Jewelry would like to sell a box of brooch at the price of RM22,500. There are 15 brooches in a box. The operating expenses and gross profit are 15% and 20% based on cost respectively. i. Find the cost price for a brooch. ii. Find the amount of net profit earned. (7 marks) (4 marks) iii. Find the maximum markdown percentage that could be offered so there is no loss. iv. (4 marks) Determine there is profit or loss if the company managed to sell 8 brooches at the above selling price and sold remaining at 7% markdown. (10 marks)
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