Wheelies (located in Bellville) bought aluminium wheelbases from Cridel Ltd (located in Johannesburg). Wheelies bought 300

Question:

Wheelies (located in Bellville) bought aluminium wheelbases from Cridel Ltd (located in Johannesburg).

• Wheelies bought 300 aluminium wheelbases.

• The price of each wheelbase is R200.

• The wheelbases were delivered to Bellville by train at a total cost of R870.

• Wheelies paid R10 per wheelbase for packing material, which they decided would enhance the ability to sell the wheelbases.


You are required to:

1. Calculate the cost price per wheelbase.

2. Calculate the selling price per wheelbase, if the mark-up percentage is 60%.

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Related Book For  book-img-for-question

Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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