A retailer bought 25 swimming suits. A gross profit of 45% based on cost is made if the suits were sold at RM150 each. The operating expenses were 15% based on cost. No use excel. a) Find the total cost. (RM2586.21) b) Find the net profit if all the suits were sold. (RM775.86) c) Suppose 5 suits were not sold. To sell off the remaining suits, the retailer gave 20% discount from the original selling price. Find the total gross profit. (RM1013.79)
A retailer bought 25 swimming suits. A gross profit of 45% based on cost is made if the suits were sold at RM150 each. The operating expenses were 15% based on cost. No use excel. a) Find the total cost. (RM2586.21) b) Find the net profit if all the suits were sold. (RM775.86) c) Suppose 5 suits were not sold. To sell off the remaining suits, the retailer gave 20% discount from the original selling price. Find the total gross profit. (RM1013.79)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6. A retailer bought 25 swimming suits. A gross profit of 45% based on cost is made if the
suits were sold at RM150 each. The operating expenses were 15% based on cost. No use excel.
a) Find the total cost. (RM2586.21)
b) Find the net profit if all the suits were sold. (RM775.86)
c) Suppose 5 suits were not sold. To sell off the remaining suits, the retailer gave 20%
discount from the original selling price. Find the total gross profit. (RM1013.79)
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