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what price will be quoted for the job if a profit at 20 on selling price is required 616397

(Model : Quotation)

The following data, relating to a factory for the year 2009 are available:

Materials consumed

Rs. 2,00,000

Direct wages

Rs. 1,50,000

Factory expenses

Rs. 90,000

Administrative expenses

Rs. 88,000

Based on the above data, find out the cost of a job to be done in January 2010.

Materials required

Rs. 20,000

Wages for sale

Rs. 15,000

What price will be quoted for the job, if a profit at 20% on selling price is required?

(Madras University)

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