This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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Answer
R480
Okay, let's do a question on PROFIT and LOSS.
Q1. (5 marks) A shop buys a jacket for R400. a) They want to make a 20% profit. What is the selling price? (3 marks) b) During a sale, they offer a 10% discount on the selling price from part (a). What is the discounted price? (2 marks)
Here's the solution:
a) Calculate the selling price with a 20% profit.
Step 1: Calculate the profit amount.
Step 2: Add the profit to the cost price to find the selling price. The selling price is R480.
b) Calculate the discounted price with a 10% discount.
Step 1: Calculate the discount amount on the selling price from part (a).
Step 2: Subtract the discount from the selling price to find the discounted price. The discounted price is R432.
Final Answer: a) The selling price is . b) The discounted price is .
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Okay, let's do a question on PROFIT and LOSS. Q1.
This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.