Pradeep bought rupees 7,500 worth of toys for his toy shop . he spent some money on transportation rent of his shop and the salary to the salesman. if he made a profit of 10% on his real expenses, which was 9000 calculate his overhead expenses...please give me solving it in a page
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Answer:
Total cost price of toys is Rs. 75,000
Let x be the overhead expense
With overheads, it becomes 75,000+x
S.P=C.P+Overhead+Ptofit
Profit=0.1(C.P.+Overhead)
Profit is Rs. 9000
9000=0.1(75000+x)
x=Rs. 15000
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