Question
I had some money with me. I bought a heavy painting for some price, transported it to my house and sold it for some price. If I am calculating profit made, what will be the effective cost price?
Answer: Option C
:
C
Here, amount spent for its transportation is the overhead charge (amount spent for repairs/transportation/labour charges) which should always be added to the cost price of the item while calculating profit made on the sale.
Therefore, effective cost price isthe sum of cost price of the painting and amount spent for its transportation.
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:
C
Here, amount spent for its transportation is the overhead charge (amount spent for repairs/transportation/labour charges) which should always be added to the cost price of the item while calculating profit made on the sale.
Therefore, effective cost price isthe sum of cost price of the painting and amount spent for its transportation.
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