Question

find SP if the profit percent is 15% overhead expenses rupees 450 and CP is 1850

Answer 1

CP = 1850

Overhead expenses = 450

Total Cost = 1850 + 450 = 2300

Profit = Cost × percentage = 2300 × 15% = 345 rupees

SP = Total Cost + Profit

SP = 2300 + 345

SP = 2645 ( In this case , profit %age is measured on Total Cost )

Case 2:

Sometimes profit is measured on SP. For this , we have

SP = Total Cost + Profit

SP = Total cost + (SP)(%age)

SP = TC + (SP)(15%)

SP = TC + 0.15 P

SP - 0.15 SP = TC

(1 - 0.15)SP = 2300

0.85 SP = 2300

SP = 2300 ÷ 0.85

SP = 2706

Answer 2

Answer:

Cp= 1850

overhead expenses= 450

Total cost= 1850+450=2300

345 rupees

Sp= Total cost+ profit

Sp= 2300+345

Sp= 2645( In this case profit%age is measured no Total cost

Case 2:

sometimes profit is measured

no sp. for this we have

Sp= total cost - profit

Sp= total cost+( sp ) (%age)

sp = Tc + 0.15p

sp= Tc

(1-0.15) sp = 2300

Sp= 2300÷ 0.85

Sp =2706

hope this help you ☺️ tq