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Q A trader buys some goods for 150. If the overhead expenses be 12% of cost price, then at what price should it be sold to earn 10%?
ID: #4397
Profit and Loss
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Profit and LossTopic
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To find out how much the overhead expenses are, we can use the formula: Overhead expenses = (Overhead percentage / 100) * Cost price In this case, the overhead percentage is 12% and the cost price is 150, so the overhead expenses are: Overhead expenses = (12 / 100) * 150 This simplifies to: Overhead expenses = 0.12 * 150 So the overhead expenses are 18. Total C.P IS Rs.168 To find out the selling price that would result in a profit of 10%, we can use the formula for profit: Selling price = Cost price + Profit In this case, the cost price is 168 and the profit is 10%, so the selling price is: Selling price = 168 + (10/100) * 168 This simplifies to: Selling price = 168 + 16.8 So the selling price is 184.8 However, we also need to account for the overhead expenses of 18, so the selling price should be 183 to earn a profit of 10%.
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