I had some money with me. I bought a painting for some price, transported it to my house and sold it for some other price. If I am calculating profit, what is my cost price?

Cost of painting

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Cost of transportation

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Sum of both costs of painting and transportation

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Cost of painting and half of transportation charge

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Solution

The correct option is C
Sum of both costs of painting and transportation

The effective cost price inlcudes all the expenses (purchase, transport, labor, etc) that are made on the article or item. So, here it is nothing but the sum of cost of painting and transportation cost.

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I had some money with me. I bought a painting for some price, transported it to my house and sold it for some other price. If I am calculating profit, what is my cost price?

The correct option is C Sum of both costs of painting and transportation The effective cost price inlcudes all the expenses (purchase, transport, labor, etc) that are made on the article or item. So, here it is nothing but the sum of cost of painting and transportation cost.

The correct option is C
Sum of both costs of painting and transportation

The effective cost price inlcudes all the expenses (purchase, transport, labor, etc) that are made on the article or item. So, here it is nothing but the sum of cost of painting and transportation cost.