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Part A: The production cost of a pair of shoes produced by a certain organization is given below. Raw materials Labour Other expenses Total


 

Part A: The production cost of a pair of shoes produced by a certain organization is given below. Raw materials Labour Other expenses Total cost = Rs. 1 200 = Rs. 300 = Rs. 200 Rs. 1 700 The organization hopes to gain a profit of Rs. 250 from this product. A VAT of 15% has to be paid to the government on the price of the pair of shoes. Find the selling price of the pair of shoes with the VAT included.

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