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Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

The additional cost spent on transportation, maintenance, labour, repair, etc., expenses incurred are called _______.

  1. overhead expenses

  2. additional charge

  3. fixed amount

  4. cost price
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The additional cost spent on transportation, maintenance, labour, repair, etc., expenses incurred are called $\text{Overhead expenses}$.

Overhead is those expenses required to run a business, but which cannot be directly attributed to any specific business activity, product, or service. 
Thus, overhead expenses do not directly lead to the generation of profits. Overhead is still necessary, since it provides critical support for the generation of profit-making activities.

Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

Raman goes to the school book store with Rs.100.he purchases some books and comes back with Rs.68.70 with him.After sometime,he goes again to the store with Rs.250 and purchases some books and comes back with Rs.166.50.How much did he spend in all and how much money is left with him?

  1. Rs.126.93, Rs.234.20

  2. Rs.234.20, Rs.118.96

  3. Rs.114.80, Rs.235.20

  4. Rs.115.80, Rs.126.930
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 In first time when Raman goes to store he has 100 Rs.  and come back with Rs. 68.70 then ,

spend money will be = 100-68.70=Rs. $31.30$
now when he goes second time he has Rs. 250 and come back with Rs. 166.50 then,
spend money will be = 250-166.50= Rs. $83.50$
hence he has spend money will be= 31.30+83.50= Rs. $114.80$
 and he have left money will be= 68.70+166.50= Rs. $235.20$
Here answer is option $C$.

Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

Brett currently spends $ $160$ each month on gas. His current car is able to travel $30$ miles per gallon of gas. He decides to switch his current car for a new car that is able to travel $40$ miles per gallon of gas. Assuming the price of gas stays the same, how much will he spend on gas each month with the new car?

  1. $ $100$
  2. $ $120$
  3. $ $130$
  4. $ $140$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Let $x$ be the price of gas per gallon
$\implies$ the fills $\dfrac{160}{x}$ gallons every month
$\implies$ He travels totally $30\times \dfrac{160}{x}$ every month $=\dfrac{4800}{x}$ miles
with his new car he needs to fill only $\dfrac{\left(\dfrac{480}{x}\right)}{40}=\dfrac{120}{x}$ gallons
Total Price $=\dfrac{120}{x}\times x$
                   $=\$120$
Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

Mr. Sharma left one-third of his property to his son, one-fourth to his daughter and remainder to his wife. If his wife's share is $Rs. 18,000$, what was the worth of his total property?

  1. Rs. $43,100$
  2. Rs. $43,200$
  3. Rs. $43,300$
  4. Rs. $43,400$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the total property was of Rs. $x$.

Then his son's share Rs. $\dfrac{x}{3}$ and his daughter's share $\dfrac{x}{4}$ and his wife's share $x-\dfrac{x}{3}-\dfrac{x}{4}=\dfrac{5x}{12}$.
According to the problem,
$\dfrac{5x}{12}=18,000$
or, $x=43,200$.
So total property worth was of Rs. $43,200$.

Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

if 5 men and 9 women can do a piece of work in 19 days then in how many days will 3 men and 6 women do the same work ?

  1. 12 days

  2. 15 days

  3. 18 days

  4. 21 days
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
It is given that 5 men or 9 women can do the job in 19 days.

So, 5 men=9 women

1 man = $\dfrac { 9 }{ 5 }$ women

3 men = 3 $(\dfrac { 9 }{ 5 } )$ women

So, work done = 3 men+6 women = 3 $(\dfrac { 9 }{ 5 } )+6$

$=\dfrac { 27 }{ 5 } +6$

$=\dfrac { 57 }{ 5 } $

Now,$ \dfrac { {M} _{1} {D} _{1} }{{W} _{1} }$= $ \dfrac { {M} _{2} {D} _{2} }{ {W} _{2} } ,$ 

let ${D} _{2} = x$

$\dfrac { 9*19 }{ {W} _{1} } = \dfrac { \dfrac { 57 }{ 5 } *x }{ {W} _{2} }$

$ \Longrightarrow 9*19=\dfrac { 57x }{ 5 }$

$ \Longrightarrow 3=\dfrac { x }{ 5 }$

$ \Longrightarrow x=15$ days

So, option (b) is correct.
Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

The average of the price per kg. of rice at $10$ different places was $Rs.4.85$. After a week, the price per kg. was increased by $20$ paise at $3$ places and decreased by $10$ paise at one place. The new average of price per kg is :

  1. $Rs. 4.88$
  2. $Rs. 4.86$
  3. $Rs. 4.90$
  4. $Rs. 5.35$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The initial total price for 10 places is 10 * 4.85 = Rs. 48.50. The total increase is (3 * 0.20) - (1 * 0.10) = 0.60 - 0.10 = Rs. 0.50. The new total is 48.50 + 0.50 = Rs. 49.00, giving a new average of 49.00 / 10 = Rs. 4.90.

Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

The cost price and the overhead expanses together make up the effective seilling price.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The effective selling price is the price at which an item is sold, whereas the cost price plus overhead expenses together make up the total cost or total effective cost, not the selling price.

Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

A boy saves $Rs 4.65$ daily than the least number of days in which he will be also to save an exact number of rupees is

  1. $15$
  2. $20$
  3. $12$
  4. $10$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Rs.$4.65=465$Paise
The exact number of rupees will be a multiple of $100$
So, we have to fine the L.C.M. of $465$ and $100$
$100 = 2\times 2\times 5\times 5$
$465 = 3\times 5\times 31$
L.C.M. of $465$ and $100 = 2\times 2\times 3\times 5 \times 5\times 31= 9300$
So, the boy saves $9300$ paise.
Hence, least number of days required to save $9300$ paise $=\dfrac{9300}{465}= 20$ days

Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

If the cost of $x$ metres of wire is $d$ rupees, then what is the cost of $y$ metres of wire at the same rate?

  1. Rs. $x\dfrac{d}{y}$
  2. Rs. $xd$
  3. Rs. $y\dfrac{d}{x}$
  4. Rs. $yd$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Given, cost of $x$ metres of wire = Rs. $d$

cost of $1$ metre of wire = Rs.$\dfrac{d}{x}$

cost of $y$ metre of wire = Rs $y\dfrac{d}{x}$
Multiple choice maths profit-loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

$A 'B'$ & $'C'$ are going to buy books that cost $Rs 540$ if A pays $Rs 40$ more than B and B pays twice as much as C, how much does C pay?

  1. $Rs 100$
  2. $Rs 140$
  3. $Rs 160$
  4. $Rs 200$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the cost paid by $C$ be $x$ 

The cost paid by $B$ is $2x$
The cost paid by $A$ is $2x+40$
The total cost is $x+2x+2x+40=540\5x+40=540\5x=500\x=100$