Question

Amit bought 160 shirts at the rate of Rs. 225/shirt. The transport expenditure was Rs. 1,400. He paid an octroi at the rate of Rs. 1.75/shirt and labour charges were Rs. 320. What should be the selling price of 1 shirt, if he wants a profit of 20%?​

Answer 1

Solution

Given :-

• Amit bought 160 shirts at the rate of Rs. 225/shirt
• The transport expenditure was Rs. 1,400
• He paid an octroi at the rate of Rs. 1.75/shirt
• labour charges were Rs. 320
• profit = 20%?

Find :-

• Selling price of clothes

Explanation

Let,

• Cost price = C.P.
• Selling price = S.P.

According to question

⇒Total cost price of clothes = 225 +1400/160 + 1.75+ 320/160

⇒Total cost price of clothes = 226.75 + 140/16 +2

⇒Total cost price of clothes = 228.75 + 8.75

⇒Total cost price of clothes = Rs. 237.5

Now, calculate S.P.

Using Formula

$\dag\boxed{\underline{\tt{\blue{\:S.P.\:=\:\dfrac{C.P.\times( 100+\%profit)}{100}}}}}$

keep Value

⇒ S.P. = 237.5 × (100 + 20)/100

⇒ S.P. = 237.5 × 120/100

⇒S.P. = 2375 × 12/100

⇒ S.P. = 285.00

⇒ S.P. = Rs. 285

Hence

• Selling price of clothes will be = Rs.285

_______________

Answer 2

Total CP per shirt =

$225 + \frac{1400}{160} + 1.75 + \frac{320}{160} = Rs. 237.5$

SP = CP[(100 + profit%)/100]

=

$237.5 * [ \frac{100 + 20}{100} ] = Rs. 285.$

#SP J2