azad bought toys worth 75,000 for his toy shop. he spent some money on transportation, rent for his shop, and salary for the salesman. if he had made a profit of 10% on his real expenses (cost+overhead expenses), which were rupees 9000, calculate his overhead expenses.

Asked by darakyukta | 18th Oct, 2019, 06:46: PM

Expert Answer:

Total cost price of toys is Rs. 75,000
Let x be the overhead expense
With overheads, it becomes 75,000+x
S.P=C.P+Overhead+Ptofit
Profit=0.1(C.P.+Overhead)
Profit is Rs. 9000
9000=0.1(75000+x)
x=Rs. 15000

Answered by Renu Varma | 24th Oct, 2019, 11:07: AM