9. A retailer buys an item for RM 700. The operating expense are RM120, and the gross profit is 50% on cost. Find the net profit and the retail price. 10. A RM 5000, 8%, six months note dated 10th April 2021 is discounted at 6.5%. If the discount amount is RM 18.78, find the term of discount of the note.

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