ExamVeda
Login
Home

Total cost of a product Rs 10 000 Profit 25 on...

This question belongs to Commerce Costing
Costing
?

"Total cost of a product: Rs 10,000.
Profit: 25% on Selling Price
Profit is:"

Answer & Solution
Correct Answer: Option C
Profit on C.P = 10000 × 25/100 = 2500
Profit on S.P = 2500/(10000-2500) × 10000 = Rs. 3,333.
Examveda
Question posted by Examveda
Community

Join the Discussion

2 Comments
Kiran A
Kiran A 8 years ago
10,000×25/75=3,333
Mohamed Aasif
Mohamed Aasif 9 years ago
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..
Keep Learning

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
Cost classification can be done in ________.
A. two ways B. three ways C. four ways D. several ways
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
More Related Questions on Costing