The gross annual sales of a firm are Rs. 7500. The cost of materials and manufacture is 35% of the gross sales. Rent, rates and taxes amount to Rs. 772 ; advertising to Rs. 1880 ; office expenses to Rs 272 ; manager’s salary Rs. 400 plus 1% of gross sales. Find the % profit.
The gross annual sales of a firm are Rs. 7500. The cost of materials and manufacture is 35% of the gross sales. Rent, rates and taxes amount to Rs. 772 ; advertising to Rs. 1880 ; office expenses to Rs 272 ; manager’s salary Rs. 400 plus 1% of gross sales. Find the % profit.
Option 1 -
22.43%
Option 2 -
21.22%
Option 3 -
19.68%
Option 4 -
24.5%
Asked by Shiksha User
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1 Answer
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Correct Option - 4
Detailed Solution:Total expenses = (35% of 7500) + 712 + 1880 + 272 + 400 + 75 = 6024
Total receipts = 7500 Total profit = 7500 – 6024 = 1476
% profit =
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