Answer to Question #184278 in Economics for Tayyaba

Question

Fazil Company purchased a machine on April 01, 2001 at a list price of Rs. 60,000 with a trade discount at 5%. The credit terms were 2/10, n/30. 

The payment was made within discount period. The company incurred the following additional expenditure. 

4% Sales Tax on the cash price of Machine. 

Custom duty Rs. 11,000 

Installation and testing cost Rs. 13,000 

The Machine was insured against fire and premium paid Rs. 3,500 

Insurance in transit Rs. 5,000 

Fright in Rs. 2,500 

Compute the cost of Machine

Answer 1

Dear Tayyaba, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order