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 Posted / 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)
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