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b) A trader buys a set of accessories that is listed at RM8000 with trade discounts of 15% and 5%. If he sells the set at a net profit of 40% based on cost, the operating expenses are 8% on cost, find i) the net profit, ii) the selling price, the breakeven price, iii) iv) the maximum markdown that could be given without incurring any loss.

b) A trader buys a set of accessories that is listed at RM8000 with trade discounts of 15% and 5%. If he sells the set at a net profit of 40% based on cost, the operating expenses are 8% on cost, find i) the net profit, ii) the selling price, the breakeven price, iii) iv) the maximum markdown that could be given without incurring any loss.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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b) A trader buys a set of accessories that is listed at RM8000 with trade discounts of 15% and 5%. If he sells the set at a net profit of 40% based on cost, the operating expenses are 8% on cost, find i) the net profit, ii) the selling price, iii) the breakeven price, iv) the maximum markdown that could be given without incurring any loss.
Transcribed Image Text:b) A trader buys a set of accessories that is listed at RM8000 with trade discounts of 15% and 5%. If he sells the set at a net profit of 40% based on cost, the operating expenses are 8% on cost, find i) the net profit, ii) the selling price, iii) the breakeven price, iv) the maximum markdown that could be given without incurring any loss.
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