Q&A

03. The following details are available from a company’s books: in Rs. Stock of – Question

Question:

03. The following details are available from a company’s books: in Rs.
Stock of materials on 1.11.2016 – Rs.12,800; stock of finished goods on 31.11.2016
Rs.28,000; purchases during the year Rs. 2,92,000; productive wages Rs. 1,98,800;
sales of finished goods Rs.5,92,000; stock of raw materials on 31.11.2016 Rs.13,600;
stock of finished goods on 31.11.2016 Rs. 30,000; works overhead Rs. 43,736; office
and general expenses Rs.35,524.
The company is about to send a tender for a large plant. The cost department
estimates that the material required would cost Rs. 20,000 and wages for making the
plant would cost Rs.12,000. Tender is to be made, keeping a net profit of 20 % on
the selling price. State the amount of tender in percentage.​

Leave a Reply

Your email address will not be published.