A cycle of ₹ 700 was sold with ₹ 100 as overhead charges. What is
the selling price of the cycle if profit is 5%?
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Step-by-step explanation:
Cp of the cycle=700
Overhead charge=100
Total Cp =700+100
=800
Profit%=5%
Then
Sp of the cycle=(100+profit%) x Cp
_________
100
=(100+5) x800
____
100
=105 x800
___
100
=105 x8ØØ
___
1ØØ
=105x8
=840(ans)
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