Shreyas wants to send a consignment to Africa. The following were the charges for the consignment which consists of 5,000 shirts.1. Shipping Cost - $8002. One time Custom Duty - Rs. 2,4003. Production Cost - Rs. 50,000 for 1,000 shirts.If the conversion used for calculations from dollars to rupees is Rs. 47, what is the minimum price at which a shirt can be sold for Shreyas to break even?a)Rs. 150b)Rs. 58c)Rs. 110d)Rs. 80e)None of theseCorrect answer is option 'B'. Can you explain this answer?

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Shreyas wants to send a consignment to Africa. The following were the charges for the consignment which consists of 5,000 shirts.

1. Shipping Cost - $800

2. One time Custom Duty - Rs. 2,400

3. Production Cost - Rs. 50,000 for 1,000 shirts.

If the conversion used for calculations from dollars to rupees is Rs. 47, what is the minimum price at which a shirt can be sold for Shreyas to break even?

a)
Rs. 150
b)
Rs. 58
c)
Rs. 110
d)
Rs. 80
e)
None of these

Correct answer is option 'B'. Can you explain this answer?

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Shreyas wants to send a consignment to Africa. The following were the ...

Solution: Using the given conversion rate, $800 = Rs. 37,600 Adding the one-time custom duty (Rs. 2,400) to it, we get the total cost of sending 5000 shirts to be Rs. 40,000.Thus, the cost of sending one shirt is Rs. 8 Cost of production of one shirt is Rs. 50 (Rs. 50,000 for 1000 shirts)Thus, total cost of production of one shirt is Rs. 58 Thus, each shirt has to be sold at a minimum price of Rs. 58 for Shreyas to break even.Hence, option 2.

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Shreyas wants to send a consignment to Africa. The following were the charges for the consignment which consists of 5,000 shirts.1. Shipping Cost - $8002. One time Custom Duty - Rs. 2,4003. Production Cost - Rs. 50,000 for 1,000 shirts.If the conversion used for calculations from dollars to rupees is Rs. 47, what is the minimum price at which a shirt can be sold for Shreyas to break even?a)Rs. 150b)Rs. 58c)Rs. 110d)Rs. 80e)None of theseCorrect answer is option 'B'. Can you explain this answer?

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Shreyas wants to send a consignment to Africa. The following were the charges for the consignment which consists of 5,000 shirts.1. Shipping Cost - $8002. One time Custom Duty - Rs. 2,4003. Production Cost - Rs. 50,000 for 1,000 shirts.If the conversion used for calculations from dollars to rupees is Rs. 47, what is the minimum price at which a shirt can be sold for Shreyas to break even?a)Rs. 150b)Rs. 58c)Rs. 110d)Rs. 80e)None of theseCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Shreyas wants to send a consignment to Africa. The following were the charges for the consignment which consists of 5,000 shirts.1. Shipping Cost - $8002. One time Custom Duty - Rs. 2,4003. Production Cost - Rs. 50,000 for 1,000 shirts.If the conversion used for calculations from dollars to rupees is Rs. 47, what is the minimum price at which a shirt can be sold for Shreyas to break even?a)Rs. 150b)Rs. 58c)Rs. 110d)Rs. 80e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Shreyas wants to send a consignment to Africa. The following were the charges for the consignment which consists of 5,000 shirts.1. Shipping Cost - $8002. One time Custom Duty - Rs. 2,4003. Production Cost - Rs. 50,000 for 1,000 shirts.If the conversion used for calculations from dollars to rupees is Rs. 47, what is the minimum price at which a shirt can be sold for Shreyas to break even?a)Rs. 150b)Rs. 58c)Rs. 110d)Rs. 80e)None of theseCorrect answer is option 'B'. Can you explain this answer?.

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