Question

atul purchased a table for rs 2500 he later sold it for 3720 with profit of 24 the overhead expense for the table

Answer 1

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Rs.1196

Answer 2

We have :

C.P = Rs 2500

S.P =Rs 3720

If Profit = Rs 24

The, Net C.P = S.P - gain = Rs 3696 .

So , overheads = Net cp - cp = 3696 - 2500 = Rs 1196(ans)