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2. Sultan Plastic company makes plastic buckets. An analysis of their accounting reveals: Variable cost per bucket- Rs 20 Fixed cost- Rs 50000 for
2. Sultan Plastic company makes plastic buckets. An analysis of their accounting reveals: Variable cost per bucket- Rs 20 Fixed cost- Rs 50000 for the year Capacity - 2000 buckets Selling price per bucket- Rs 70 (i) Find the break-even point. (ii) (iii) Find the number of buckets to be sold to get a profit of Rs 30000. If the company can manufacture 600 buckets more per year with an additional fixed cost of Rs 2000, what should be the selling price to maintain the profit per bucket as at (ii) above. (5marks)
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