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posted by  Asma khan on 8/22/2008 1:15:50 PM  |  status: Live  

Help me Cramster team waiting for answer

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Q#1   i.      McDonald fast-food chain wants to introduce McShwarma as its new product. The feasibility analysis shows that the cost per unit of McShwarma will be Rs. 23. Mr. Tahir Saeed, the marketing manager of the company, instructs that introductory selling price maybe fixed so as to ensure a profit percentage of 5%.   What should be the introductory sale price of the new product?

Plz solve it in detail in numerical form

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posted by RICHARDS on 8/25/2008 1:41:05 AM  |  status: Live
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Response Details:
The cost price per unit of the new product = Rs.23
The introductory selling price maybe fixed so as to ensure a profit
 percentage of 5%.
∴The introductory price = 23 + 5% of 23 = 23 + 1.15 = 24.15
Hope this will help you
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