MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Changes in Trade Receivables

The economic ...

Question

The economic profit at Nicole's factory is:

A

Rs. 75000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Rs. 35000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Rs. 80000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Rs. 30000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Rs. 30000
Economic profit can be defined as the difference between total revenue and total cost.
Total revenue=1000*100 = 100000
Total cost= 20000 for raw materials + 50000 from her savings = 70000
Economic profit = 100000 - 70000
The economic profit at Nicole's factory is Rs. 30000.

Suggest Corrections

thumbs-up

0

Similar questions

Q. The economic cost at Nicole's factory is:

Q. If closing capital is Rs.30000 and profit is Rs.5000; opening capital was Rs. ____________.

Q. Mr. Mittal purchased two steel factories, one in india and other one in Malaysia for total Rs. 72 crores. Later on he sold the Indian factory at 16% profit and Malaysian factory at 24% profit. Thus he gained a total profit of 19%. The selling price of Indian factory is :

Q. The accounting profit at Nicole's pottery factory is:

Q. A began a business with Rs. 45000 and B joined after wards with Rs.30000. At the end of a year the profit is divided in the ratio 2 : 1. After how many months B joined?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Let’s Solve the Puzzle

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Changes in Trade Receivables

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon