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
- 2 Answers
- 5320 Views
- I also Faced
- E-Mail Answers
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 |
what is stock? what is bond? who is portfolio manager? corporare action?
whether directors fees included in cost or not? if yes/no why?
who is the pramotar?
how can make configration related with electronic bank statment and how can i upload bank statment to system
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.
What is the meaning of Equity & Dedt Pls Explain Clearly
NPA is either person or account
Plz Tell Me the WHole knowlege Of Accounts,Wht Accounts Wht all taxes pzz Plz
what is the meaning of input vat & out put vat?
What is contract accounting?
New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-)
expand A D A
Audit 
