500 Bhadgaule caps bought for Rs. 200000 in Nepali market are sold in Britain after paying 5% export tax then 150% profit was made. Find the selling price of each Cap in Pound Sterling.
[£ 1 = Rs. 155.63]

Selling price of each cap = £6.75 (Approx.)

Step-by-step explanation:

Given:

Number of caps = 500

Cost of caps = Rs. 200,000

Export tax = 5%

Profit = 150%

£ 1 = Rs. 155.63

Find:

Selling price of each cap

Computation:

Cost of 1 cap = 200,000 / 500

Cost of 1 cap = Rs 400

After Add export tax = 400 + 400(5%)

After Add export tax = Rs 420

After profit = 420 + 420(150%)

After profit = Rs 1050

Selling price of each cap = 1,050 / 155.63

Selling price of each cap = £6.75 (Approx.)

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step-by-step explanation:

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