Question

ABC Ltd. launched sports shoes in January 2019. They manufactured 100 pairs of sports shoes initially for `1,00,000. They gave 20% of the initial stock free to selected customers for their feedbacks and 25% of the rest were given to the distributors at 25% discount and the remaining shoes were sold online to customers at 16.66% discount. The marked price of shoes is `2400. What is the overall gain or loss for this trial product ignoring all other costs involved?

Answer 1

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