Question

What should be the price chargeable to a job if total cost incurred is Rs. 4830 and profit is

25% on sales?
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Answer 1

Answer:

profit 25% on sales

let sale be 100

(-) profit 25

(100*25/100)

cost. 75

so profit on cost 25/75= 1/3

cost is 4830

profit = 4830*1/3= 1610

price = 4830+1610= 6440

Answer 2

Given:

the total cost incurred = Rs. 4830

profit % charged on sale = 25%

To find:

Price chargeable

Solution:

The total cost incurred = Rs. 4830

profit charged on sale = 25%

Let the sale be 100

$profit = 25\% \: of \: sales$

$profit = 25\% \times 100$

$profit = \frac{25}{100} \times 100$

$profit = 25$

here,

$sale = cost + profit$

$100 = cost - 25$

$cost = 100 - 25$

$cost = 75$

$profit \: on \: cost = \frac{25}{75}$

Cost = Rs 4830

$profit = \frac{25}{75} \times 4830$

$profit = \frac{1}{3} \times 4830$

(1609.99999 is rounded off to 1610.)

$profit = 1610$

Therefore the Price chargeable

$price = 4830 \times 1610$

$price = 6440$

Therefore the price chargeable is Rs. 6440.