Question

Calculate gain or loss if CP=46000;Overhead=4000 ;SP=60000

Answer 1

Hey There!

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Some important terms:

CP = Cost Price

SP = Selling Price

OC = Overhead Charges

P = Profit

L = Loss

P = SP - CP  

P% = P/CP * 100

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Question: Calculate gain or loss if CP =46000;Overhead =4000 ;SP=60000

Solution:

We know that when there is an overhead charge it must be added to the Cost price.

So, Total Cost price

= 46,000 + OC

=  46,000 + 4,000

= 50,000

Since, SP > CP

There is a Gain.

Gain or Profit = SP - CP

                       = 60,000 - 50,000

                       = 10,000

∴ The Gain is 10,000.

Gain% = Gain/ CP * 100

           =  10,000/50,000 * 100

           = 20%

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Hope this Helps!

Answer 2

CP=46000
OVERHEADS=4000
TOTAL CP=46000+4000
=50000
SP=60000
PROFIT=10000
PROFIT%=10000/50000×100
=20
ANS=20%