Question

. There would be 10% loss if a toy is sold at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%

Answer 1

Answer:

Total CP = (CP + Overhead expenses)

Total CP =150+12%of150

Total CP =150+

100

12

×150=Rs.168

Given that, gain =10%

Therefore, SP=

100

110

×168=Rs.184.80