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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
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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 |
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