Question

Assuming the selling prices of Products B and C are increased by 15% each due to increased demand, calculate the new selling prices and determine the total profit after these adjustments, factoring in the selling price increases.

Q: Answer-Assuming the selling prices of Products B and C are increased by 15% each due to increased demand, c...

New Selling Price for Product B 350 15 of 350 350 52.5 402.5 New Selling Price for Product C 500 15 of 500 500 75 575 New Total Selling Price for Products B and C Product B 400 402.5 161,000 Product C 860 575 494,500 Total SP after increase 183,000 Product A 161,000 Product B 494,500 Product C 838,500 Total Profit Total SP - Total CP 838,500 - 480,000 358,500

Direction: A manufacturing company produces three products: A, B, and
C. The following table summarizes the production details for each product over a period of 5 months, including the cost price (CP), selling price (SP), and units produced each month.

A New Profit ₹370,000

B New Profit ₹380,500

C New Profit ₹358,500

D New Profit ₹400,000

E New Profit ₹410,500

Practice Next