Tony purchases a machine on 8 September 2019 with a list price of RM 8400. The trade discount
given is 10% while the cash discount terms are 4/15, n/30. He then sells the machine and makes
a gross profit of 25% of the selling price. The operating expenses are 4% of the selling price.
Find the:
a) Amount paid by Tony on 22 September 2019.
b) Selling price.
c) Breakeven price.
d) Maximum markdown rate that could be offered without incurring any loss.
e) Net profit or loss if the retail price is RM 7620
1 answer
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