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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

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)

Is This Answer Correct ?    2 Yes 2 No



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