Question:
The selling price of the product is determined by adding
The selling price of the product is determined by adding
Show Hint
Adding profit to prime cost helps in setting a price that covers all expenses and provides a margin.
Updated On: Feb 27, 2025
- Prime cost + profit
- Work cost + profit
- Cost of sales + profit
- Overheads + profit
Show Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The selling price of a product is determined by adding the prime cost and the profit margin. This ensures that the price covers all production costs while providing a profit to the business.
Was this answer helpful?
0
0
Top TANCET Printing Technology Questions
- The arrangement of the visual elements is
- Which of the following in the screening technology gives accurate screen angles but takes a lot of computational time?
- Postscript font uses __________ to describe the characters
- Which of the following is not an advantage of FM screening?
- The shifting of hue associated with inkjet printers as the chroma increases.
View More Questions
Top TANCET Print Management Questions
- In a servicing work, in which a technician can receive, via semi-transparent goggles, inserted information that corresponds with his view of the real thing, namely the machine to be serviced is an example of __________ technology.
- What is the formula to calculate Budgeted hourly rate?
- Absorption costing is inclusive of
- Break-even point is
- Operating cost is calculated through
View More Questions
Top TANCET Questions
- If \( A \) is a \( 3 \times 3 \) matrix and the determinant of \( A \) is 6, then find the value of the determinant of the matrix \( (2A)^{-1} \):
- If the system of equations: \[ 3x + 2y + z = 0, \quad x + 4y + z = 0, \quad 2x + y + 4z = 0 \] is given, then:
- Let \[ M = \begin{bmatrix} 1 & 1 & 1 \\ 0 & 1 & 1 \\ 0 & 0 & 1 \end{bmatrix} \] The maximum number of linearly independent eigenvectors of \( M \) is:
- The shortest and longest distance from the point \( (1,2,-1) \) to the sphere \( x^2 + y^2 + z^2 = 24 \) is:
- The solution of the given ordinary differential equation \( x \frac{d^2 y}{dx^2} + \frac{dy}{dx} = 0 \) is:
View More Questions