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A grocer bought 45 boxes of plum at RM18 per box and 20 boxes of grapes at RM12.50 per box. The operating expenses incurred were 10% of the total cost. If the grocer wants a net profit of 25% based on the total selling price, find i) the total selling price. iii) the maximum percentage of mark down that could be offered without incurring any loss.

A grocer bought 45 boxes of plum at RM18 per box and 20 boxes of grapes at RM12.50 per box. The operating expenses incurred were 10% of the total cost. If the grocer wants a net profit of 25% based on the total selling price, find i) the total selling price. iii) the maximum percentage of mark down that could be offered without incurring any loss.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Do i and ii 

c) A grocer bought 45 boxes of plum at RM18 per box and 20 boxes of grapes at RM12.50 per box. The operating expenses incurred were 10% of the total cost. If the grocer wants a net profit of 25% based on the total selling price, find the total selling price. i) iii) the maximum percentage of mark down that could be offered without incurring any loss.
Transcribed Image Text:c) A grocer bought 45 boxes of plum at RM18 per box and 20 boxes of grapes at RM12.50 per box. The operating expenses incurred were 10% of the total cost. If the grocer wants a net profit of 25% based on the total selling price, find the total selling price. i) iii) the maximum percentage of mark down that could be offered without incurring any loss.
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