If the company maintains the same profit margin in the year 2015 as it had in 2013, what will be the selling price of the product in 2015? Given data ...
Question
If the company maintains the same profit margin in the year 2015 as it had in 2013, what will be the selling price of the product in 2015?
Given data (in INR thousands):
| Year | Selling Price (SP) | Cost Price (CP) | Overhead Expenditure |
|---|---|---|---|
| 2013 | 800 | 560 | 80 |
| 2015 | 680 | 480 | 200 |