Question

All Plus, a designer clothing company, buys Rs. 400 worth of silk from a silk
trader and Rs. 30 worth of accessories from Accessories.com to produce
each dress. If the value added by All Plus is equal to Rs. 200, then according
to the value-added approach, the price of the designer dress should be:
Rs. 630.
Rs.230.
Rs. 200.
Rs.830​

Answer 1

Answer: The price of the designer dress should be Rs. 630.

Explanation:

According  to the value-added approach,

Price of the dress = total cost + value added

Given, cost of silk = Rs. 400

cost of accessories = Rs. 30

∴total cost price = 400 + 30 = 430

value added = Rs. 200

∴Price of the dress = total cost + value added

= 430 + 200 = 630

Hence the price of the designer dress should be Rs. 630.

Answer 2

Answer:  

Price of dress is 630 Rs. (Option a )

Explanation:

• In Context  to the given question we have to find the actual price of the designer dress

• The total Price of the dress will be the summation pf cost price of the dress and value added by all plus

• i.e. Price of dress = Cost price(C.P) + value added [ eq. 1]

given;

silk cost = Rs. 400

accessories cost =  Rs. 30

value added by all plus = 200 Rs.

• Cost price of the dress = silk cost + accessories cost
• Cost price of the dress = 400 + 30 = 430 Rs.

Now by substituting the value in eq. 1 we get,

Price of dress = 430 + 200

Price of dress = 630 Rs.

Therefore, the price of the designer dress should be Rs. 630.