If the sales value of a product is ₹94,080 and the profit margin on cost is 12%, the amount of profit will be :

CS Executive · Cost and Management Accounting · PYQS · December 2019
If the sales value of a product is ₹94,080 and the profit margin on cost is 12%, the amount of profit will be :
(A) ₹7,800
(B) ₹11,290
(C) ₹8,580
(D) ₹10,080

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Marginal Costing

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