Question

1.Given CP =Rs.2300, Overhead Expenses = Rs.300 and Gain = Rs.260, then Gain %
is equal to
a)13 b) 11 c)10 d) 12

Answer 1

Answer:

Given CP = Rs. 2300, overhead expenses = Rs. 300 and gain = Rs. 260 We know that Gain % = {(Gain/ (CP + overhead expenses)} x 100 = {260/ (2300 + 300} x 100 = {260/2600} x 100 Gain = 10%

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