Mr. Rohit has a small furniture factory. He specialises in the manufacturing of small drawing tables of standard size of which he can make 15,000 a year. The cost per table worked out as under for the year 2019-20, when he made and sold 10,000 tables-

Material Rs. 30

Labour Rs. 10

Overhead (Fixed) Rs. 15 (Recovered @ 50% of Material Cost)

Price is fixed by adding a standard margin of 10% to the total cost arrived at as above.

In 2020-21 due to fall in the cost of material, total cost worked out as under:

Material Rs. 20

Labour Rs. 10

Overhead (fixed) Rs. 10

Mr. Rohit maintained his standard margin of 10% on the cost of sales. Sales were at the same level as in the previous year. You are asked to:

1. Determine the Profit-Loss for year 2020-21

2. Compute the price which should have been charged in 2020-21 to yield the same profit or loss as in 2019-20.