Question

A man buys an old bicycle for RS 1850 and he spends RS150 to repair it If he sells it at 25% profit, find its selling price.(S.P)​

Answer 1

Answer:

2500 is the selling price

please mark this answer as brainliest answer

Answer 2

Answer:

The selling price of the bicycle is :-

➵ Rs 2,500

Step-by-step explanation:

Given:-

A man bought an old bicycle for Rs 1,850

He spend Rs 150 to repair it

He sold the bicycle at 25% of profit

To find:-

The selling price of the bicycle

Solution:-

As the question has mentioned that a man buys an old bicycle for Rs 1,850 and spend Rs 150 on repairing it .

So, total money he spent on bicycle is :-

⇒ Rs ( 1,850 + Rs 150 )

⇒ Rs 2,000

So, the Cost Price of the bicycle is Rs 2,000.

He sold it at profit of 25%

We can easily find the Selling Price of the bicycle using the formula:-

⇶ SP = {(100+gain%)/100}×CP

• CP = 2,000
• profit = 25%

Applying formula:-

⇒ SP = {(100+25)/100}×2,000

⇒ SP = (125/100)×2,000

⇒ SP = 1.25 × 2,000

⇒ SP = 2,500

So, the SP is 2,500

Answer:-

Hence, The selling price of the bicycle is Rs 2,500.

-: More Information :-

⇒ Loss = CP - SP

⇒ Profit = SP - CP

⇒ Loss % = (loss/CP)×100

⇒ Profit % = (profit/CP)×100

⇒ SP = {(loss-loss %)/100}×CP

⇒ CP = {100/(100-loss%)}×SP

⇒ CP = {100/(100+Profit%)}×SP