Daffodils Florist bought 50 tulips at RM8 each and 20 lilies at RM12 each. The owner wanted a net profit of 18% based on cost and operating expenses of 10% based on the cost. a) Find the selling price for each tulip and lily. b) Find the gross profit for all flowers. c) Find the breakeven price for a tulip.
Daffodils Florist bought 50 tulips at RM8 each and 20 lilies at RM12 each. The owner wanted a net profit of 18% based on cost and operating expenses of 10% based on the cost. a) Find the selling price for each tulip and lily. b) Find the gross profit for all flowers. c) Find the breakeven price for a tulip.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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QUESTION 1
Daffodils Florist bought 50 tulips at RM8 each and 20 lilies at RM12 each. The owner wanted
a net profit of 18% based on cost and operating expenses of 10% based on the cost.
a) Find the selling price for each tulip and lily.
b) Find the gross profit for all flowers.
c) Find the breakeven price for a tulip.
d) Find the maximum percentage of markdown that can be offered without incurring any
loss for tulips.
Transcribed Image Text:LIST OF FORMULAE
1. S= P(1+ rt)
2. Proceeds = S(1 – dt)
d
4. d =
- dt
1+rt
5. S= P(1+ i)"
6. S= R
[(1+i)" – 1
7. A= R
8. SP = C + M
GP = OE + NP
10. NP = LP(1 – d,)(1 – d2) ... (1 – d,)
9.
2MI
S
12. r= 1-
11. r=
B(n + 1)
k(k + 1)
n(n + 1)
13. BV, = C(1 - r)"
14. OPB = Rk – I
%3D
3.
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