Jyoti (CS Trainee) (541 Points)
12 November 2013A company wishes to earn a 15 % profit margin on selling price when quoting for a job . Which of the following is the profit mark-up on cost which will achieve the required profit margin? show calculation also.
(a) 15 %
(b) 17.65%
(c) 85 %
(d) 13.04 %
Ankit
(CA, CS)
(3064 Points)
Replied 12 November 2013
sagar parmar
(none)
(44 Points)
Replied 12 November 2013
Rohit Dhawan
(C.A. FINAL STUDENT)
(134 Points)
Replied 12 November 2013
suppose the selling price is 100, then the profit will be 100*15% i.e. 15
and the cost will be 100-15 = 85
so the profit on cost will be 15/85*100= 17.65%
Ashish Arora
(Article Assistant)
(81 Points)
Replied 13 November 2013
SkDash
(CS (Member) CWA (Final))
(909 Points)
Replied 13 November 2013
Dont understand why this Question (multiple choice) by Jyoti
suman
(student)
(105 Points)
Replied 13 November 2013
Kumar
(Student)
(211 Points)
Replied 13 November 2013
Always remember this golden rule
1/X ON cost = 1/x+1 on sales
Profit on Cost will obviously be more than profit on sales applying common sense, unless you are selling a product less that its cost, in that case it will be loss and not profit
Kishan Chandarana
(ARTICLE)
(26 Points)
Replied 13 November 2013
Menka Asnani
(Article Trainee)
(49 Points)
Replied 14 November 2013
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