Question: Part B: 10 questions marked as indicated for a total of 70 marks. 1. Karim works in a retail computer store. He receives a weekly

 Part B: 10 questions marked as indicated for a total of

Part B: 10 questions marked as indicated for a total of 70 marks. 1. Karim works in a retail computer store. He receives a weekly base salary of 5400 plus a commission of 3% of sales exceeding his quota of $25,000 per week. What are his total sales for a week in which he earns 5730.38? Answer to the nearest cent. Total: 5 marks SOLUTION: 2. A retailer buys an appliance for resale at $2123.00 less 27%, 20%. The store marks the merchandise to cover expenses of 23% of the regular selling price and a net prot of 12.9% of the regular selling price. During a clearance sale, the appliance is sold at a markdown of 22%. What is the operating prot or loss that was realized during the sale? Answer to the nearest cent. SOLUTION: Total: 7 marks

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