piter makes handbags and sells them to tourist at R350 including VAT his expenses are as follows production cost (60 or fewer per month ) R200 per bag annual rent R16800 weekly transport R300 weekly airtime Rl00 however if piter makes more than 60 bags per month the production cost will reduce by 10% per bag determine whether piter made a profit or loss at the end of August if he made 95 bags but sold only 77 the monthly transport cost of july:august is in ratio of 8:9 the monthly rental for August was 5% more than it was in july assume that August has 4 weeks​