Key Points for MCQ
Imputed costs also called Inventory Cost
Formulae of Imputed / Inventory Cost per Tonne = V x R x T / 365
V - Value of Tonne of Goods
R - Annual Interest Rate
T - No of days in transit from Consignor’s Godown to Consignee
Trader’s cost = Consignor Cost + Consignee Cost + Inventory/Imputed Cost + Freight
The trader’s cost goes into the price of the commodity in the Market
Economic Cost excludes Taxes and Duties paid by the Central Govt. and State Govts.
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