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A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold for Rs1690 and incurred overheads of Rs 694. What was the prime cost of the job?

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Correct Answer: Option A
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5 Comments
Khushi Shrivastav
Khushi Shrivastav 3 years ago
Prime cost =1690-30%-694
Niloy Ghosh
Niloy Ghosh 4 years ago
I didn't understand. Isn't it Margin instead of mark up? The question said " adding 30% to cost not 30% of cost"?
CA Pawan
CA Pawan 5 years ago
Right ans
selling price=cost+profit percentage
1690=100%+30%
cost=100/130*1690
=1300
1300-0verheadexpenses=answer
1300-694= 606
Shiza Satti
Shiza Satti 6 years ago
selling price=cost+profit percentage
1690=100%+30%
cost=100/130*1690
=1300
1300-0verheadexpenses=answer
Tanvi Joshi
Tanvi Joshi 7 years ago
Plz give me solution