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