Question

If S.P.= Rs. 682, overhead expense = Rs. 50 and profit% = 24%, then what is the C.P.?
please tell me the answer​

Answer 1

Step-by-step explanation:

Given ~

S.P.= Rs. 682

Overhead expense = Rs. 50

profit% = 24%,

To Find ~

what is the C.P.?

Formula to be used

$\boxed{ \sf{Cost Price \: = selling \: Price \: \times \frac{100}{100 + profit \: \%} } }$

$\implies \: \frac{682 \: \times 100}{100 + 24}$

$\implies \: \frac{ \cancel{682} \: \times \cancel{ 100} {}^{25} }{ \cancel{124} {}^{ \cancel{62} {}^{31} } } {}^{}$

= 550

Cost Price = 550 + overhead expenses

⠀⠀⠀⠀⠀⠀= 550 + 50

⠀⠀⠀⠀⠀⠀= 600 is cost Price