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Hello, I've been trying to answer this problem:
Hello, I've been trying to answer this problem:
Price at the Makati market of bio-assets A
P250,000
Price at the Davao market of bio-assets B
250,000
Total Price at the market of the bio-assets A & B
500,000
Selling price in a binding contract to sell - bio-asset A P200,000
Selling price in a binding contract to sell - bio-asset B 200,000
Total Selling Price in a binding contract to sell400,000
Estimated commissions to brokers and dealers (total)50,000
Estimated transport and other cost necessary
to get assets to Makati market5,000
Estimated transport and other cost necessary
to get assets to Davao market20,000
Average estimated transport and other cost necessary
to get assets to any market in the country (bio-asset A & B) 30,000
The answer given is 475,000. I don't get why.
