Question

Find selling price (SP) if a profit of 5% is made on
(a) a cycle of 700 with 50 as overhead charges.
please let me the answers ​

Answer 1

Answer:

Total CP= 700+50

=Rs 750

profit= 5/100 of CP

=5/100×750

=75/2.

SP= CP+Profit

=750+75/2

=(1500+75)/2

= 1575/2

= Rs 787.5

Explanation:

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Answer 2

Answer:

787.5

Explanation:

Cost price = 700

overheads = 50

Total cost price = 700 + 50

= 750

Profit = 5% of 750

= 75/2

Selling price = 750 + 75/2

= 787.5