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.
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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.
Answered by
1
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
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