COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Total cost of a product:Rs. 10, 000 Profit:25% on Selling Price Profit is:
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Rs. 2, 500
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Rs. 3, 000
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Rs. 3, 333
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Rs. 2, 000
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Explanation:
Detailed explanation-1: -Profit on S.P = 2500/(10000-2500) × 10000 = Rs. 3, 333.
Detailed explanation-2: -% of Profit on selling price = (25 * 100)/125 = 20%
Detailed explanation-3: -for ₹ 10, 000 and sell it at a profit of 20%. The money I will get for it is ₹ 12000.
Detailed explanation-4: -Detailed Solution 100. ∴ The profit percentage is 33.33%.
Detailed explanation-5: -Profit Percentage Formula This profit is based on the cost price, hence, the formula to find the profit percentage is: (Profit/Cost Price) × 100.
There is 1 question to complete.