Question

A retailer buys a set of plates for 320. Operating expenses incurred during the sale of these plates are 8 % of the cost price. If the retailer makes a 25 % net profit based on selling price, find the: i. selling price ii. gross profit iii. net profit iv. breakeven price v. maximum markdown that could be offered to customers so that there is no profit and loss. vi. net profit or loss if the new selling price is 400

Answer 1

Answer:

a retailer buys a set operators for t20 operating expense includes a class of the affairs of the 8% of the cost of the 25%