Find profit%,CP=$350 overhead charges=$15selling price=420
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total CP = Actual CP + overhead charges
=$350+ $15
=$365
SP=$420
profit %=(SP-CP)*100/CP
=$55*100/$365
=15.06%
=$350+ $15
=$365
SP=$420
profit %=(SP-CP)*100/CP
=$55*100/$365
=15.06%
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Hope you understand the sum done in the inage attached.
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