The additional charges over the buying price of an article are called overhead expenses.
Question 47
Additional expenses made after buying an article are included in the cost price and are known as Value Added Tax.
A man buys article for rs. 150 and makes overhead experses which are 10 % of the cost price. At what price must he sell it to gain 20 % ?
(a) Rs. 182
(b) Rs. 192
(c) Rs. 198
(d) Rs. 208
State whether the statement is true (T) or false (F).