A factory producing 150 electric bulbs a day, involves direct material cost of Rs. 250, direct labour cost of Rs. 200 and factory overheads of Rs. 225. Assuming a profit of 10% of the selling price, and selling on-cost 30% of the factory cost, what is the selling price of one electric bulb?

A factory producing 150 electric bulbs a day, involves direct material

1.	A factory producing 150 electric bulbs a day, involves direct material cost of Rs. 250, direct labour cost of Rs. 200 and factory overheads of Rs. 225. Assuming a profit of 10% of the selling price, and selling on-cost 30% of the factory cost, what is the selling price of one electric bulb?
A.	Rs. 6.50
B.	Rs. 12.50
C.	Rs. 18.50
D.	Rs. 21.00
Answer» B. Rs. 12.50

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A factory producing 150 electric bulbs a day, involves direct material cost of Rs. 250, direct labour cost of Rs. 200 and factory overheads of Rs. 225. Assuming a profit of 10% of the selling price, and selling on-cost 30% of the factory cost, what is the selling price of one electric bulb?

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