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3 Azad bought toys worth 75,000 for his toy shop. He spent some money on transportation, rent for his shop, and the salary for the salesman. If he made a profit of 10% on his real expenses (cost + overheadexpenses), which were * 9000, calculate his overhead expenses. |
| Answer» COST price of TOYS = Rs. 75000Let 'x' be the OVERHEAD expense.Then,Real expense = Cost + Overhead expenseReal expense = Rs. (75000 + x)We have to find the value of 'x' .According to the condition given in the question,10 % (Real expense) = 900010 % (75000 + x) = 900010/100 (75000 + x) = 90001/10 (75000 + x) = 900075000 + x = 9000 x 1075000 + x = 90000x = 90000 - 75000x = 15000which shows that the overhead expense is Rs. 15000 | |