You want to always make a 20% profit on your business. The price at which you buy raw materials increased from 100 rs to 125. At what price you should sell your product now.
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Answers
Answered by
1
Answer:rs 150.50
Explanation:18 per cent of 125+125
Answered by
0
The selling price for the product would be Rs 150
Explanation:
- The selling price for the product after the increase in the price or cost of the raw materials is computed as:
Selling Price = (Cost × Mark up percentage) + Cost
where
Cost will be Rs 125 (because the the price has increased from 100 to 125, so it will be the cost)
Mark up percentage would be 20%
- Putting the values above:
= (Rs125 × 20%) + Rs125
= Rs 25 + Rs 125
= Rs 150
- Therefore, the selling price will be Rs 150
You can learn more from here about selling price:
https://brainly.in/question/5593396
You can learn more from here about mark up percentage:
https://brainly.in/question/12257611
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