Question

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?

• A. Rs $184.80$
• B. Rs $185.80$
• C. Rs $187.80$
• D. Rs $188.80$

Answer 1

The correct option is A Rs $184.80$

Total CP = (CP + Overhead expenses)

Total CP $=150+12\%of150$

Total CP $=150+\frac{12}{100}\times 150=Rs.168$

Given that, gain $=10\%$

Therefore, $SP=\frac{110}{100}\times 168=Rs.184.80$