Question

Harvinder bought an article for 3,800 and sold it at a profit 5%. When hecalculated the overhead expenses, he got to know that he had suffered aloss of 5%. Find the overhead expenses.​

Answer 1

sp=3800+5%

=3800+190=3990

This is 5% below overall cost price

so his cost before selling was

3990/0.95

=4105.26

so his overheads were

4105.26-3800

=305.26....ANSWER