Question : Kapila bought 100 frocks at the rate of Rs. 320 per frock. The transportation expense was Rs. 1,000. He paid a tax of Rs. 1.50 per frock and the labour charges were Rs. 500. If she wants to make a profit of 10%, what should be the selling price per frock?
Option 1: Rs. 385.45
Option 2: Rs. 370.15
Option 3: Rs. 390.80
Option 4: Rs. 336.50
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Correct Answer: Rs. 370.15
Solution :
Cost of frocks = 100 × Rs. 320 = Rs. 32000
Transportation expense = Rs. 1000
Tax = 100 × Rs. 1.50 = Rs. 150
Labour charges = Rs. 500
So, the total cost = Rs. 32000 + Rs. 1000 + Rs. 150 + Rs. 500 = Rs. 33650
Kapila wants to make a profit of 10%, so the total selling price should be 110% of the total cost.
Total selling price = 1.10 × 33650 = Rs. 37015
Therefore, the selling price per frock = $\frac{37015}{100}$ = Rs. 370.15
Hence, the correct answer is Rs. 370.15.
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