Question

Gunjan bought goods worth rupees 7560 and spent some amount for transportation and packaging.He sold the goods for rupees 9900 and made a profit of 10%.What were his overhead expanses.​

Answer 1

Answer:

₹1440

Step-by-step explanation:

Let the total CP be x.

Selling Price (SP) = ₹9900

Profit = 10%

=> (100+10)% of x = SP

=> 110% of x = 9900

=> 110/100 x = 9900

=> x = 9900 × 10/11

=> x = 9000

Hence, total CP is ₹9000.

Given, CP of goods = ₹7560

Therefore, overhead expenses = ₹9000 - ₹7560 = ₹1440

Answer 2

Answer:

CP IS 7560 TOTAL CP ID CP +OVERHEAD CHARGES

SP IS 9900

PROFIT IS 10%

TOTAL CP IS

PROFIT×100/(100+PROFIT)=9900×100/110=9000

overhead charges are total CP-CP=9000-7560=1440