Question

find selling price of a profit of 5% is made on a cycle of rs.700 with rs.50 as overhead charges​.
step by step:

Answer 1

Given :

• Cost price of cycle = Rs.700
• Overhead Charges = Rs.50
• Profit % = 5 %

$\\ \rule{200pt}{3pt}$

To Find :

• Selling price = ?

$\\ \rule{200pt}{3pt}$

Solution :

~ Formula Used :

${\pink{\dashrightarrow}} \: \: {\underline{\boxed{\green{\sf{ Selling \: Price = \dfrac{100 + Profit \: \% }{100} \times Cost \: Price }}}}}$

Where :

• ➳ Selling price = ?
• ➳ Cost price = 700 + 50 = ₹ 750
• ➳ Profit % = 5 %

$\\ \qquad{\rule{150pt}{1pt}}$

~ Calculating the Selling Price :

$\rm :\longmapsto \qquad {Selling \: Price = \dfrac{100 + Profit \: \% }{100} \times Cost \: Price }$

$\rm :\longmapsto \qquad {Selling \: Price = \dfrac{100 + 5 }{100} \times 750 }$

$\rm :\longmapsto \qquad {Selling \: Price = \dfrac{105}{100} \times 750 }$

$\rm :\longmapsto \qquad {Selling \: Price = \dfrac{ 78750}{100} }$

$\rm :\longmapsto \qquad {Selling \: Price = \cancel\dfrac{78750}{100} }$

$\qquad{\textsf{ Selling price of the cycle = {\red{\sf{ ₹ \: 787.50 }}}}}$

$\\ \qquad{\rule{150pt}{1pt}}$

Therefore :

❝ Selling price of the cycle is ₹ 787.50 . ❞

$\\ {\orange{\underline{\rule{300pt}{9pt}}}}$

Answer 2

Answer:

787.50

Step-by-step explanation:

∵ Total cost price=Rs.700+Rs.50(overhead expenses)

=Rs750

Profit=5% of Rs.750

=Rs.1005×Rs.750=Rs.25×15=Rs.37.50

Now, S.P=C.P+Profit

=Rs.750+Ts.37.50=Rs.787.50