A supplier quotes for material A as follows:

Lot price 100 units Rs. 10 each Lot price 500 units Rs. 9 each Lot price 1,000 units Rs. 8 each Trade discount 20%; cash discount 2.5% for payment in seven days. Containers charged at Rs. 20 each Rs. 14 credited or return. The Purchaser decides to buy 600 units.

Transport charges amounting to Rs. 20 and storage Rs. 4 were charged by the supplier.

Calculate the purchase price of Material ‘A’

[Madras University]