Question

Choose the Correct Option by considering the following.( निम्नलिखित को ध्यान में रखते हुए सही विकल्प का चयन कीजिए) [MP➡️Market Price(बाजार कीमत) ; FC➡️Factor Cost(कारक लागत); NIT➡️Net Indirect Taxes

A. MP = FC + NIT

B. MP = FC - NIT

C. MP = FC + NFIA

D. MP = FC - NFIA​

Answer 1

the correct ans is C

hope this wil help u.

Answer 2

The correct answer to this question is option A. MP = FC + NIT.

Explanation:

• The market price is the rate at which an article of trade is sold and bought in the market.  

• It is the price that the buyers pay truly, not what the manufacturers actually get.  

• The point to be remarked is that when a product moves to the market for sale, government charges indirect taxes, like sales tax, excise duty, etc. which is supplementary to the factor cost of the commodity.

• Net Indirect Tax is the variance between the Indirect tax and subsidy. To obtain Market Prices (MP), Net Indirect Taxes (NIT) are added to Factor Cost (FC).