Question

a cycle of rupees 700 with rupees 50 as overhead charges find the selling if a profit of 5% is made on​

Answer 1

CP of cycle = 700
Overhead charge = 50.
Total CP = 750
Gain= 5%
SP = 750×105/100
=> 787.5
SP = 787.5

Answer 2

Sol: (a) CP of the cycle = Rs 700 Overhead charges = Rs 50 Total CP of the cycle =700 + 50 = Rs 750 Profit % = 5 % Profit % = [(SP - CP) / CP] x 100 5 = [(SP - 750) / 750] x 100 5/100 = [(SP - 750) / 750] (5 x 750) /100 = (SP - 750) 75 / 2 = SP - 750 SP = (75/2) + 750 SP = 787.5 Therefore, the selling price of the cycle = Rs 787.5