Question

if the cost of one plate chicken pasta is rupee 65,what will be the sales price if the profit on sales is 15%.

Answer 1

Explanation:

Cost of one plate chicken pasta = Rs. 65

Profit = 15% on sales

Suppose,

Sales = 100

then Gross profit is 100 × 15 % = 15

then

COGS = sales - Gross Profit

=> 100 - 15 = 85

Then Gross profit on Cost is

=> 15/85 × 100 = 17.6470588235

Gross profit on Cost is 17.64%

Cost = 65

=> Gross profit = 65 × 17.64/100

=> 11.466

Sales = COGS + Gross Profit

=> 65 + 11.466

=> 76.47

Sales = Rs. 76.47

Hence, Sales = Rs. 76.47