Question

1. Find (S.P.) if a profit of 5% 8s made on
(a) A cycle of Rs 700 with Rs 50 as overhead charges.​

Answer 1

Correct Question

Find the selling price, if a profit of 5% is made on a cycle of Rs 700 with Rs 50 as overhead charges.

Answer

Given :

Cost price of a cycle : ₹700

Overhead charges : ₹50

Profit percentage : 5%

To find :

The selling price of the cycle.

Solution :

To find the selling price of the cycle, first we should find the total cost price of the cycle.

Total cost price of the cycle :

$\sf \dashrightarrow 700 + 50$

$\sf \dashrightarrow Rs.750$

Now, let's find the selling price of the cycle.

Selling price of the cycle :

$\sf \dashrightarrow \dfrac{(100 + Profit\%)}{100} \times CP$

$\sf \dashrightarrow \dfrac{(100 + 5)}{100} \times 750$

$\sf \dashrightarrow \dfrac{105}{100} \times 750$

$\sf \dashrightarrow \dfrac{21}{20} \times 750$

$\sf \dashrightarrow \dfrac{21}{2} \times 75$

$\sf \dashrightarrow \dfrac{21 \times 75}{2} = \dfrac{1575}{2}$

$\sf \dashrightarrow \cancel \dfrac{1575}{2} = 787.5$

Hence, the selling price of the cycle is ₹787.5.