Question

A dealer bought a number of cement bags at the rate of Rs 200 per bag. His overhead expenses are 5% of the cost. If he wants a profit of 10%, at what price per bag should he sell the cement.
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Answer 1

Answer:

10.5%

Step-by-step explanation:

200 *1=200

5% of 200=

200*105/100=220

10% of 220=220*110/100=

242