Find out selling price.

Arka Bose (None) (313 Points)

16 February 2010  

Hi,I am stuck in this particular question and if anyone of you can help me out,I would be very grateful.The question is as under:

 

Find out the selling price of an article whose cost of production and sale of 100000 units are:

Material Rs 50000,Labour Rs 40000,Overhead Rs 160000.

The fixed portion of capital employed is Rs 50000 and the varying portion is 40% of sales turnover.A profit of 8% net on capital employed after payment of tax at 40% of the earnings is desired.

 

 

Thanks in advance.

Arka