Question

5) Find selling price (SP) if a profit of 5% is made on (a) a cycle of Rs 700 with Rs
50 as overhead charges. (b) a lawn mower bought at Rs 1150 with Rs 50 as
transportation charges.​

Answer 1

Answer:

5) Find selling price (SP) if a profit of 5% is made on (a) a cycle of Rs 700 with Rs

50 as overhead charges. (b) a lawn mower bought at Rs 1150 with Rs 50 as

transportation charges.

Answer 2

Answer:

We know, Cost price = Buying price + Overhead expenses

Cost price = Rs 700 + Rs 50 = Rs 750

Profit percent = 5%

We know,

Profit = Rs 37.5

Now, Selling price (SP) = Cost price + Profit =Rs 750 + Rs 37.5 = Rs 787.50

Therefore, the selling price (SP) is Rs 787.50