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Kapila bought 100 froks at the rate of Rs. 320 each. Travel expenditure was Rs. 1000. If she changed the price of frok and
make it to Rs. 150 each and labour expenditure was Rs. 500 and she wants to make a profit of 10%, then what will be the
selling price of each frok?
Rs385.45
Rs370.15
Rs390.80
Rs336.50
- Kapila initially bought 100 frocks at Rs. 320 each.
- Total cost for the frocks is Rs. 32,000 (calculated as 100 x 320).
- She had an additional travel expenditure of Rs. 1,000.
- She plans to sell each frock for Rs. 150.
- There is also a labor expenditure of Rs. 500.
- She aims for a 10% profit on her overall costs.
Let's compute the total cost:
- Total cost = (Cost of frocks) + (Travel expenditure) + (Labor expenditure)
- Total cost = Rs. 32,000 + Rs. 1,000 + Rs. 500 = Rs. 33,500.
Desired selling price should cover total cost and include 10% profit:
- Required selling price = Total cost + 10% of Total cost
- Required selling price = Rs. 33,500 + (10% of 33,500) = Rs. 36,850.
Selling price per frock:
- Total frocks = 100
- Selling price per frock = Rs. 36,850 / 100 = Rs. 368.50.
Now, let's look at the options:
1. Rs. 385.45
2. Rs. 370.15
3. Rs. 390.80
4. Rs. 336.50
Correct Answer: None of the options is exactly Rs. 368.50, but Rs. 370.15 (Option 2) is the closest.
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