Question

15. If a profit of 17% is made on a bicycle of 700 with 50 as overhead charges. Then selling

price is

(1) 899.50 (2) 877.00 (3) 877.50 (4) 899.00

Answer 1

HEY Buddy.....!! here is ur answer

Given that : Profit% = 17%

Total Cost Price = 700+50 = 750

Selling Price = 750×(100+17)/100

=> S.P. = 750×117/100

=> S.P. = 877.50 Rs.

Thus, Option (c) is correct.

I hope it will be helpful for you....!!

THANK YOU ✌️✌️

MARK IT AS BRAINLIEST

Answer 2

$<b>$Solution :—
.............................................

For the bicycle

CP = ₹ 700

overhead = ₹ 50

•°• Total CP = ₹ (700 + 50) = ₹ 750

Profit% = 17%

To find SP

we know that

$\mathsf{SP = \frac{(100 + profit\%)}{100} \times CP} \\ \\ \: \: \: \: \: \: \mathsf{= Rs \: \: [\frac{(100 + 17)}{100} \times 750]}$

$\: \: \: \: \: \: \mathsf{= Rs \: \: ( \frac{117}{100} \times 750)} \\ \\ \: \: \: \: \: \: \mathsf{= Rs \: \: 877.50}$

Hence, the selling price of the bicycle is ₹ 877.50