Find selling price (SP) if a profit of 5% is made on
(a) a cycle of Rs 700 with Rs 50 as overhead charges.
6) a lawn mower bought at Rs 1150 with Rs 50 as transportation charges.
(c) a fan bought for Rs 560 and expenses of Rs 40 made on its repairs.
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:· Total cost prise = Rs. 700 + Rs. 50 (Overhead expenses)
= Rs. 750
:· Profit = 5 % of Rs. 750
= Rs. 5/100 x Rs. 750 = Rs. 5 x 15 / 2
= Rs. 75/2 = Rs. 37.50
:· Sp = Cp + Profit
= Rs. 750 + Rs. 37.50
= Rs. 787.50
:· Total Cost Prise = Rs. 1150 + Rs. 50 ( overhead expenses)
= Rs. 1200
:· Profit = 5% of Rs. 1200
= 5/100 x Rs. 1200
= Rs. 5 x 12 = Rs. 60
:· Sp = Cp + Profit
= Rs. 1200 + Rs. 60
= Rs. 1260
:· Total Cost Prise = Rs. 560 + Rs. 40 (overhead expenses)
= Rs. 600
:· Profit = 5% of Rs. 600
= 5/100 x Rs. 600
= Rs. 5 x 6 = Rs. 30
:· Sp = Cp + Profit
= Rs. 600 + Rs. 30
= Rs. 630
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