Question

Azad bought toys worth rupees 75000 for his toy shop . He spent some money for transportation, rent for his shop and the salary for the salesman .If he madea profit of 10 percent on his real expenses (cost + overhead expenses) which was rupees 9000 , calculate his overhead expenses.

Answer 1

Cost price of toys = Rs. 75000
Let 'x' be the overhead expense.
Then,
Real expense = Cost + Overhead expense
Real expense = Rs. (75000 + x)
We have to find the value of 'x' .
According to the condition given in the question,
10 % (Real expense) = 9000
10 % (75000 + x) = 9000
10/100 (75000 + x) = 9000
1/10 (75000 + x) = 9000
75000 + x = 9000 x 10
75000 + x = 90000
x = 90000 - 75000
x = 15000
which shows that the overhead expense is Rs. 15000

Answer 2

price of toys =75000
overheard ecpences be x
profit made =9000
profit percent =10
total price=price of toys +expences
total expense =9000*100/10
=900000/10=90000
overhead ecpences =90000-75000
=15000