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    Question

    Ajay purchases an item for Rs. 1600 and incurs

    additional costs of 20% for maintenance and 30% for transportation. Calculate the selling price he should set to achieve a profit margin of 10% on the total expenditure.
    A Rs. 2600 Correct Answer Incorrect Answer
    B Rs. 2620 Correct Answer Incorrect Answer
    C Rs. 2640 Correct Answer Incorrect Answer
    D Rs. 2660 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Actual cost price of product = 1600 + 0.20 × 1600 + 0.30 × 1600 = Rs. 2400 Desired selling price = 2400 × 1.10 = Rs. 2640

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