IP1U8 Exercise Q3
IP1U8 Exercise Q3
TGM Original Questions
In a fund raising, the cost of making a bookmark is \(\$0.50\). A total of \(600\) bookmarks are made.
- Find the total cost of the \(600\) bookmarks.
- \(480\) of the bookmarks are sold at \(\$0.70\) each, \(90\) of them are sold at the cost price and the remaining is sold at a discount of \(20\%\). Calculate the overall
- profit or loss,
- profit or loss as a percentage of the cost price.
Clarification: the reference price for the final 20% discount is not stated. Give the result for a discount from the usual selling price, and distinguish a discount from cost.
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Answer:(a) SGD 300. (b)(i) Profit SGD 97.80 if discounted from usual price, or SGD 93 if discounted from cost. (ii) 32.6% or 31% respectively.
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