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Standard XII

Accountancy

Accounting for Goodwill

The price of ...

Question

The price of soap is collectively decided by five factors : Research, raw materials, labour, advertisement and transportation. Assume that the financial relationship is : Price of soap = (k X Research costs X Raw materials costs X Labour costs X Advertising cost X Transportation cost)

If there are respective changes of 10%, 20%, -20%, 25%, and 50% in the 5 factors, then find the change in the price of the soap.

90%

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100%

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80%

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98%

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Solution

The correct option is D
98%

98%.

Let the Price of soap be Rs. 100

10% increase - 110 ; 20% increase on 110 - 132

132 decreased by 20% - 105.6

105.6 increased by 25% gives - 132

132 increased by 50% gives - 198

Therefore, there is a 98% increase overall.

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The correct option is D 98% 98%. Let the Price of soap be Rs. 100 10% increase - 110 ; 20% increase on 110 - 132 132 decreased by 20% - 105.6 105.6 increased by 25% gives - 132 132 increased by 50% gives - 198 Therefore, there is a 98% increase overall.

The correct option is D
98%

98%.

Let the Price of soap be Rs. 100

10% increase - 110 ; 20% increase on 110 - 132

132 decreased by 20% - 105.6

105.6 increased by 25% gives - 132

132 increased by 50% gives - 198

Therefore, there is a 98% increase overall.