Overhead charges, if any, are sometimes included in the cost price. Is the following statement true or false

Solution:

Overhead charges are always over and above the cost price of an article. In fact overhead charges are calculated as a percentage of the cost price.

Hence the statement is false

✦ Try this: A customer buys a washing machine from a shop for Rs. 24,500 and incurs overhead charges transport and installation. The total charges of transport and installation is Rs. 1250. What is the total cost to the customer?

Cost Price of the washing machine = Rs. 24,500

Overhead Charges = Rs. 1250

Total Cost to the customer = Rs. 24,500 + Rs. 1250 = Rs. Rs. 25,750

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

NCERT Exemplar Class 8 Maths Chapter 9 Sample Problem 11

Overhead charges, if any, are sometimes included in the cost price. Is the following statement true or false

Summary:

Overhead charges, if any, are sometimes included in the cost price is a false statement because overhead charges are over and above the cost price

☛ Related Questions:

• A number is increased by 20% and then it is decreased by 20%. Find the net increase or decrease per . . . .
• Vishakha offers a discount of 20% on all the items at her shop and still makes a profit of 12%. What . . . .
• Find the compound interest on Rs 48,000 for one year at 8% per annum when compounded half yearly