An item was purchased at 8400 and the overhead charges is 400. Ifthe profit is 1100, then find the CP and profit %. About the author Arya
Answer: Purchase price = 8400 Overhead charges = 400 Profit = 1100 Cost price = 8400 + 400 + 1100 = 9900 Profit percentage = (profit / Cost price) x 100 = 1100/9900 x 100 = 11% Reply
Step-by-step explanation:
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Answer:
Purchase price = 8400
Overhead charges = 400
Profit = 1100
Cost price = 8400 + 400 + 1100 = 9900
Profit percentage = (profit / Cost price) x 100
= 1100/9900 x 100 = 11%