Tag: introduction to total cost price of the article

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Questions Related to introduction to total cost price of the article

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

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.

  1. 3300

  2. 4700

  3. 2000

  4. 5000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

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

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

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?

  1. 156000

  2. 234000

  3. 341900

  4. 44100
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

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

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

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.

  1. Rs.650, Rs. 50

  2. Rs. 900, Rs. 150

  3. Rs. 200, Rs.50

  4. Rs .850 , Rs.100
Reveal answer Fill a bubble to check yourself
C Correct answer
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

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

  1. $Rs.60$
  2. $Rs.45$
  3. $Rs.55$
  4. $Rs.50$
Reveal answer Fill a bubble to check yourself
C Correct answer
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 $.

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

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?

  1. Rs $184.80$
  2. Rs $185.80$
  3. Rs $187.80$
  4. Rs $188.80$
Reveal answer Fill a bubble to check yourself
A Correct answer
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, $SP = \dfrac{110}{100}\times 168 = Rs.184.80$
Multiple choice maths profit - loss overhead expenses introduction to total cost price of the article profit and loss with overhead expenses

$Assertion$ (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.

  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.
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

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

  1. 64

  2. 30

  3. 24

  4. 16
Reveal answer Fill a bubble to check yourself
D Correct answer
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.'

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

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?

  1. $Rs\ 304$
  2. $Rs\ 266.50$
  3. $Rs\ 380$
  4. $Rs\ 384.75$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP be x. Reshma sells at 37.5% profit (1.375x). Rekha sells at 9 1/11% profit (1/11 fraction, so 12/11 * 1.375x). Madhu sells at 25% loss (0.75 * 12/11 * 1.375x = 342). Solving for x: 0.75 * 1.0909 * 1.375x = 342 -> 1.125x = 342 -> x = 304.

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

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

  1. $15\%$
  2. $\displaystyle6\frac{1}{4}\%$
  3. $\displaystyle12\frac{1}{2}\%$
  4. $25\%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Selling at 480 with 25% gain means CP = 480 / 1.25 = 384. Selling at 432 gives a gain of 432 - 384 = 48. Percentage gain = (48 / 384) * 100 = 12.5%.