NOTE:PLEASE ANSWER USING THE MARK UP AND MARKDOWN FORMULA ONLY, THANKS

Q7. A retailer bought a furniture for RM500. Operating expenses incurred in selling the furniture were 25% of the cost. If the retailer wanted to make 12% net profit based on cost, find (a) the retail price, (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (b) the gross profit, ( 2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (c) the net profit, (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (d) the breakeven price, (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (e) the maximum markdown per cent that can be offered without making any loss. (2 marks) (CLO2:PLO2:C2)(CLO2:PLO2:C2) (f) If the furniture was sold at RM600, find the net profit/loss. Markup and Markdown R=C+M%Mr=RM100%,%Mc=CM100%%Mr=1+%Mc%Mc,%Mc=1%Mr%MrMD=OPNP%MD=OPMD100%NP=OP(1-%MD)R=C+NP+OEBreakevenprice=C+OE