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Calculate price should offer to get lowest possible purchase

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Reference no: EM132636397

Need = 1,000 kg

Price = Rs 380/kg

Ready to pay up to Rs 600/kg

give away = 100 kg

Rs 600/kg = profit of Rs 230/kg

Initial subsidy = 10%

Additional subsidy = 17%

Total subsidy = 27%

Question 1: Calculate the price you should offer to get the lowest possible purchase price to maximize the profit.

NB: Any calculation should be rounded off to nearest rupee

Reference no: EM132636397

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