Question

1. A small firm is producing pens in a batch of 100 pens. The direct material cost is 160. Direct labour cost * 200 and Factory overhead (on cost) is * 250. 1 If the selling on cost is 40% of factory cost. What should be the selling price of each pen to realise a profit of 20% of selling price.​

Answer 1

Answer:

selling price is Rs. 144 and profit is 20%

Answer 2

Answer:

selling price is 144

Explanation:

profit is 20%