Question

Find a selling price if a profit of 5% is made on a lawn mover bought at rs 1150 with rs 50 as transportation charges

Answer 1

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

Answer 2

Answer:

C.P=₹1150

Transportation charges=₹50

Total C.P=₹1200

Profit=5%

S.P=(100+5%)×C.P÷100

=105×1200÷100

=₹1260

Hope it helps