"Total cost of a product: Rs 10,000.
Profit: 25% on Selling Price
Profit is:"
A. Rs. 2,500
B. Rs. 3,000
C. Rs. 3,333
D. Rs. 2,000
Answer: Option C
Solution(By Examveda Team)
Profit on C.P = 10000 × 25/100 = 2500Profit on S.P = 2500/(10000-2500) × 10000 = Rs. 3,333.
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Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
10,000×25/75=3,333
Total cost of a product: Rs 10,000.
Profit: 25% on Selling Price
Profit is:"
A. Rs. 2,500
B. Rs. 3,000
C. Rs. 3,333
D. Rs. 2,000
Answer: Option C. How .???? Plz any one comment steps..