Compute the following selling price for the follwing item:
Basic cost
CST @ 4% on basic cost
freight & insurance Rs 200/-
Margin @ 15% on selling price
Answers were Sorted based on User's Feedback
Answer / chalapathi rao govada
Lack of Basic cost info in the given problem it is assumed
that base cost is 10000 and solved the problem.
Basic cost = 10000
Add: CST @4% = 400
Add: Frieght and insurance = 200
Total Base cost = 10600
Add: Profit@15% on SP = 1871
(10600*15/85)
Selling price = 12471.
Logic:
In the problem profit is given as a percentage of sale
price.if the selling price is 100, profit at 15% on selling
price is equals to 85.
Which means the total base cost is equals to 85 and profit
is equals to 15 and total selling price is equals to 100.
Which i considered as a calcualtion part for deriving the
profit figure.
If any body has any queries you can contact on my email id
chalapathirao.govada@genpact.com
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / deepu.v
Alternatively, For making it more simple
Base cost is Rs. 10600 as mentioned in the above answer.
But this is 85%,
So 100% = 10600*100/85 =12471(rounded off)
Profit is 15% of selling price.
So profit =12471*15% =1871(rounded off)
Is This Answer Correct ? | 2 Yes | 2 No |
how to calculate BEP in this problem? Sales Rs.3,00,000 Fixed Exp. Rs. 75,000 Direct Material.Rs.1,00,000 Direct Labour Rs.60,000 Direct exp. RSs.40,000
how many accounting standards in india and also world wide
What is Capital Expenditure
28 Answers Capital IQ, Genpact, Infosys, SMI,
Could u show me the sample TDS Document / Template
what is the difference between secured loan and unsecured loan. please explain
Why does one need a broker?
What is general ledger?
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
what is share holders fund
What I will be done in this case I deduct tds excess than the actuai amount?
a bill for Rs.250 accepted by pritam, a costomer was passed through bills payble book (what will be the correct entry)
what is goodwill? goodwill what kind of asset for the company?tangible or intangible asset? how much improtant for the company?