Question
Total cost of a product: Rs 10,000. Profit: 25% on Selling Price What is the profit? Profit on C.P = 10000 25/100 = 2500 Profit
"Total cost of a product: Rs 10,000.
Profit: 25% on Selling Price
What is the profit?
Profit on C.P = 10000 25/100 = 2500
Profit on S.P = 2500/(10000-2500) 10000 = Rs. 3,333.
The question is how to calculate the profit on selling price? Does any formula to calculate that?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the profit on the selling price you can use the following formula Profit on ...
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Step: 2
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
