Question

23. A man buys an article for rupees 150 and makes overhead expenses which are 10% of the cost. At what price must he sell to gain 20%​

Answer 1

Answer:

CP of the article= 150

with addition of overhead expenses the new cost price will be=

(10/100*150)+150

=165

Now for the man to gain 20%..

New CP=165

SP for gaining 20% = (20/100*165)+165

=33+165

=198

Answer 2

$Answer$

Cp of tge article = ₹150

overhead expenses = 10%

=10×150/100

= 15

so, Effective cost of article = 150 + 15 = 165

Now the gain 20% has to sell,

Sp = Cp×(100+gain%)/100

= 165 ×(100+20)/100

= 165×120/100

=165×12/10

= 1980/10

= 198

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