A company is capable of selling AC at 36400 per piece . After adding GST at the rate of 18% , still he will make a profit of 20% on the sale. what is the manufacturing cost per AC
Share
A company is capable of selling AC at 36400 per piece . After adding GST at the rate of 18% , still he will make a profit of 20% on the sale. what is the manufacturing cost per AC
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
CP = ?
SP = Rs 6.36
VAT = 6%
Profit = 20%
SP = CP + profit amount + VAT amount = CP + 20% CP + (120% CP) * 6%
6.36 = CP [ 1 + 0.20 + 1.20 * 6 /100 ]
CP = 6.36 / 1.272 = Rs 5.00
Step-by-step explanation:
CP = ?
SP = Rs 6.36
VAT = 6%
Profit = 20%
SP = CP + profit amount + VAT amount = CP + 20% CP+ (120% CP) * 6%
6.36 CP [1+ 0.20 + 1.20 * 6 /100 ]
CP 6.36/1.272 = Rs 5.00