HG Shop receives an invoice for the purchase of 40 batteries for RM8440 on 31 March 2021. Trade discounts are 5% and 3% while the cash discount terms are 8/10, n/40. HG Shop pays the invoice on 9 April 2021. The shop plans to sell the batteries by allowing 10% of the cost for operating expenses and 18% of the selling price for gross profit.
(a) Find the payment made by HG Shop.
(b) Find the selling price and the net profit for each battery.
(c) After two months, HG Shop manages to sell 30 batteries. The remaining 10 batteries are sold by allowing 10% markdown. Calculate the total sales made by the shop if all batteries are sold.
