Tag: introduction to total cost price of the article

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

Choose the correct answer from the alternatives given :
Mr. Ram runs a clothing store. His overhead expenses are 32% and his profits are 12% of his sale. At what price should he sell a raincoat which costs him Rs. 10.50 ?

  1. Rs. 13

  2. Rs. 15.52

  3. Rs. 12

  4. Rs. 19
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Cost price of umbrella $=Rs.10.50$
    overhead expenses $=32$% $=0.32$
            Required profit $=12$% $=0.12$
So, Selling price of umbrella $=Rs.10.50\times 1.32\times 1.12$
                                                $=Rs.15.52$
So, selling price $=Rs.10.50\times 1.32\times 1.12$
                           $=Rs.15.52$.