Quick Check 6B 1. What is markdown per cent? 2. A shirt listed at RM30 was reduced to RM27. What was the markdown per cent? 3. The markdown per cent of a pair of shoes is 30%. If the new retail price is RM560, find the old retail price. 4. A computer table is purchased for RM200. Operating expenses amount to 10% of the cost. If the retailer wants a 20% net profit based on cost, find the (a) retail price. (b) gross profit. (c) net profit. (d) breakeven price. (e) maximum markdown per cent that can be offered so that no loss is incurred. 5. An item is bought for RM280. The retailer sells the item at a 10% discount but still maintains a gross profit of 20% on the net retail price. At what price did he list the item?6. Sixty branded t-shirts are bought at RM2,640 and then marked up at 30% on retail price. The operating expense is estimated to be 10% of the cost. (a) Find the retail price of each t-shirt. (b) What is the breakeven point of one t-shirt? (c) After selling 50 t-shirts, the store owner revises his price and decides to offer 10% markdown for the remaining 10 t-shirts. Find the new retail price and the overall net profit of the t-shirts. 7. A retailer buys a printer for RM800. Operating expenses incurred are 4% based on cost. The retailer wants a 15% net profit based on cost. Find the (a) selling price. (b) markup per cent based on selling price. (c) breakeven price. (d) new selling price and the total net profit or loss if the retailer sells the printer at 10% markdown. 8. A retailer receives an invoice dated 8 July 2015 with trade discounts of 12% and 10% and cash discount terms of 6/10, 3/20, n/30. The net price after trade discounts including transportation cost of RM150 is RM2,740. (a) Explain the cash discount terms 6/10, 3/20, n/30. (b) Find the list price. (c) Find the total payment if it is made on 28 July 2015.9. Norlia Company buys 200 roses at RM2 each. The company wants a net profit of 20% based on the cost. The operating expenses are 10% based on the cost. Find the (a) selling price of each rose. (b) gross profit for each rose. (c) total net profit of all the roses. (d) breakeven price of each rose. (e) maximum percentage markdown that can be offered without incurring any loss. 10. A retailer purchases 500 boxes of pears at RM8 per box. Experience indicates that about 4% of these boxes will be spoilt and have to be discarded. The retailer then sets the selling price, taking into account a net profit of 30% on cost. The operating expenses incurred are 9% of the cost. Calculate the selling price of the pears