Calculate Issue Price per 1000 Bricks
How to calculate the issue price per 1000 bricks?
What is the formula to determine the issue price per 1000 bricks based on the total number of bricks ordered, breakage during transit, breakage during loading and unloading, and the total cost incurred for purchasing a subset of bricks?
Calculation of Issue Price per 1000 Bricks
The issue price per 1000 bricks can be calculated by following these steps:
To calculate the issue price per 1000 bricks, we need to consider several factors such as the total number of bricks ordered, breakage during transit, breakage during loading and unloading, and the total cost incurred for purchasing a subset of bricks.
Step 1: Calculate the total number of bricks after accounting for breakage during transit: 5,00,000 - (5,00,000 * 1%) = 4,95,000
Step 2: Calculate the total number of bricks after accounting for breakage during loading and unloading: 4,95,000 - 2,000 = 4,93,000
Step 3: Calculate the issue price per 1000 bricks by dividing the total cost incurred for purchasing a subset of bricks by the quantity purchased. In this case, it is calculated as follows: Total cost incurred for purchasing 50,000 bricks / (50,000/1000) = 2,25,000 / 50 = 4,500
Therefore, the issue price per 1000 bricks is Rs. 4,500.
By following these steps, you can determine the issue price per 1000 bricks based on the specified data.