Question: If (i) P is taller than Q (ii) R is shorter than P (iii) S is shorter than Q, then who among them is the tallest? (IFFCO 2022)
Options:
184.8
185.2
185.8
188.8
✅Explanation:
• 1. Calculate Overhead Expenses:
-Overhead expenses = 12% of Rs 150 = (12/100) * 150 = Rs 18
• 2. Calculate Total Cost:
-Total cost = Cost price + Overhead expenses = Rs 150 + Rs 18 = Rs 168
• 3. Calculate Selling Price for 10% Profit:
-Profit = 10% of Rs 168 = (10/100) * 168 = Rs 16.8
-Selling price = Total cost + Profit = Rs 168 + Rs 16.8 = Rs 184.8
Therefore, the trader should sell the goods for Rs 184.8 to earn a 10% profit.