_________ expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase

Solution:

Overhead expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase.

✦ Try this: While placing a purchase order of Rs 1,20,000 the buyer incurs overhead expenses of 4%.

Determine the overhead expenses and total expenses incurred in the purchase of the goods.

The size of the purchase order = Rs. 1,20,000

Overhead expenses @ 4% = 4% of 1,20,000

= (4/100) × 1,20,000

= Rs. 4800

Total expenses incurred = 1,20,000 + 4800

= 1, 24,800

☛ Also Check: NCERT Solutions for Class 8 Maths Chapter 8

NCERT Exemplar Class 8 Maths Chapter 9 Problem 30

_________ expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase

Summary:

Overhead expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase

☛ Related Questions:

• The discount on an item for sale is calculated on the _________
• When principal P is compounded semi-annually at r % per annum for t years, then Amount = _________
• Percentages are _________ to fractions with _________ equal to 100