Tag: introduction to total cost price of the article

Questions Related to introduction to total cost price of the article

Dolly buys some laptop from a wholesaler for Rs. 10000 and spends Rs. 2000 on its transportation's, Rs. 1400 for delivery charges and Rs. 1300 for load man etc. Find the overhead charges spent by Dolly.

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

  1. 3300

  2. 4700

  3. 2000

  4. 5000

Show answer
Correct Option: B
Explanation:

Overhead charges spent by Dolly =  transportation + delivery charges + load man charges
Overhead charges spent by Dolly = $2000 + 1400 + 1300 = Rs. 4700$

Ann bought a new car for Rs. 150000 and spent Rs. 4000 for registration and transportation for Rs. 2000. What is the total amount she spent including the overhead charges?

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

  1. 156000

  2. 234000

  3. 341900

  4. 44100

Show answer
Correct Option: A
Explanation:

Total amount spent by Ann = Cost price + overhead expenses
= $150000 + 4000 + 2000 = Rs. 156000$

Mike buys some electronic goods from a wholesaler for Rs. 650 and spends Rs. 200 on its transportation's, etc. If he sells these electronic goods for Rs. 900; find the overhead expenses spent by Mike. and find profit.

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

  1. Rs.650,  Rs. 50

  2. Rs. 900, Rs. 150

  3. Rs. 200,  Rs.50

  4. Rs .850 , Rs.100

Show answer
Correct Option: C
Explanation:

The overhead charges become a part of the cost price.
So, Rs. 200 is a overhead expenses spent by Mike.

Total CP = Rs. 650+ Rs. 200 = Rs 850
SP > CP

hence Profit =  SP - CP =  900 - 850 = Rs.  50

The amount spent on repairs, labour charges and transportation etc expenses are called as

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

  1. overhead expenses

  2. underneath expenses

  3. beneath expenses

  4. fixed expenses

Show answer
Correct Option: A
Explanation:

The amount spent on repairs, labor charges and transportation etc. expenses are called as overhead expenses.

A person bought a shirt at a certain price and paid the same price for the trouser. If the trouser had cost rupees twenty less and the shirt $Rs.15$ more, the price of the trouser would have only half that of the shirt. Find the cost of shirt.

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

  1. $Rs.60$

  2. $Rs.45$

  3. $Rs.55$

  4. $Rs.50$

Show answer
Correct Option: C
Explanation:

Let the price of the shirt and trouser be Rs. $ x $.
As per the statement, " If the trouser had cost rupees twenty less and the shirt Rs. $15$ more, the price of the trouser would have only half that of the shirt " => $ x-20 = \frac {x+15}{2} $
$ => 2x-40 = x  +15 $
$ x = 55 $
Cost of the shirt $ = Rs  55 $.

A trader buys some goods for Rs $150$. If the overhead expenses be $12\%$ of cost price, then at what price should it be sold to earn $10\%$ profit?

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

  1. Rs $184.80$

  2. Rs $185.80$

  3. Rs $187.80$

  4. Rs $188.80$

Show answer
Correct Option: A
Explanation:
Total CP = (CP + Overhead expenses) 
Total CP $= 150 + 12\%\, of\, 150 $
Total CP $=150 + \dfrac{12}{100}\times 150= Rs.168$
Given that, gain $= 10\%$
Therefore, $SP = \dfrac{110}{100}\times 168 = Rs.184.80$

$Assertion$ (A) By the early 20th century, America became the biggest supplier of wheat to Europe.

$Reason$ (R) The expansion of the railways during the period greatly facilitated the transport of grain.

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

  1. A is true, R is false.

  2. A is false, R is true.

  3. Both A and R are true, but R is not the correct explanation of A.

  4. Both A and R are true and R is the correct explanation of A.

Show answer
Correct Option: C
Explanation:

By the early 20th century, America became the biggest supplier of wheat to Europe. This is because wheat production is highest in America at that time due to adoption of various new technology, climate change, etc. Hence, option (c) is correct as reason is incorrect explanation of assertion.

By selling 32 clips for a rupee, a man loses 40%. How many a rupee must he sell to gain 20%?

maths comparing quantities using proportion overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

  1. 64

  2. 30

  3. 24

  4. 16

Show answer
Correct Option: D
Explanation:

b'S.P. of 1 clip $\displaystyle=\frac{1}{32}$ of a rupee

$\implies$ 60% of CP $\displaystyle=\frac{1}{32}$ of a rupee

$\therefore$ 120% of CP $\displaystyle=\frac{1}{32}\times\frac{120}{60}$ i.e. $\displaystyle\frac{1}{16}$ of a rupee

$\implies$ he should sell 16 clips for a rupee.'

Reshma sells an article to Rekha at $37.5\%$ profit, Rekha sells it to Madhu at $9\dfrac{1}{11}\%$ profit. Again Madhu sells it to Mitu at $25\%$ loss. If Mitu pays $Rs\ 342$ for the article, then what is the cost price of the article to Reshma?

maths comparing quantities using proportion overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

  1. $Rs\ 304$

  2. $Rs\ 266.50$

  3. $Rs\ 380$

  4. $Rs\ 384.75$

Show answer
Correct Option: A

By selling a watch for Rs 480, a man gains 25%. How much per cent would he gain by selling it for Rs 432?

maths comparing quantities using proportion overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

  1. $15\%$

  2. $\displaystyle6\frac{1}{4}\%$

  3. $\displaystyle12\frac{1}{2}\%$

  4. $25\%$

Show answer
Correct Option: C