Illustration 4 The cost of Product-A is made up as follows: $ $ Materials used in Manufacturing 5,500 Indirect Expenses --Factory 100 Materials used in Packing 1,000 Office Expenses 125 Materials used in Selling and Produd 150 Depreciation-Office Building Materials used in the Factory 75 and Equipment 75 Materials used in the Office 125 Depreciation - Factory 175 Labour required in Production 1,000 Selling Expenses 350 Labour required for Supervision of the Management for Factory 200 Freight on Materials 500 Direct Expenses- Factory 500 Advertising 125 Assuming that all products manufactored are sold, what should be the selling price to obtain a profit of 25% on selling price