a) 35%
b) 31%
c) 28%
d) 26%
Answer: b
Explanation: Primary Cost:
35% of 12600 = 4410
Miscellaneous costs:
2% of 12600 = 252
Gross Profit = 12600 – 4410 – 1400 – 650 – 252 = 5888
Trading Cost = 0.25 × 5888 = 1472
Net Profit = 4416
% Profit =$$\frac{{4416}}{{14000}} \times100$$
= 31.54%
≈ 31%
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