Q. 3 In respect of a factory the following particulars have been extracted for the year 2019 Cost of Materials Rs 600000 Wages Rs 500000 Factory overheads Rs 300000 Administration OH Rs 336000 Selling OH Rs 224000 Distribution OH Rs140000 Profit Rs 420000 A work order has to be executed in 2020 and the estimated expenses are material Rs 8000 and wages Rs 5000. Assume that in 2020 the rate of factory overheads had gone up by 20%, distribution overheads have gone down by 10% & selling and Administration overheads have each gone up by 15%. Factory overheads are based on wages. Administration selling and distribution overheads are based on factory cost. At what price should the product be sold so as to earn the same rate of profit on selling price as in 2019