Question

Find selling price (SP) if a profit of 5% is made on
(a) a cycle of * 700 with 50 as overhead charges.
(b) a lawn mower bought at 1150 with 50 as transportation charges.
(c) a fan bought for 560 and expenses of 40 made on its repairs.

Please explain answer also....​

Answer 1

Answer:

a) SP = 787.50

b) SP = 1260

c) SP = 630

Step-by-step explanation:

a)

Actual C.P = 700 + 50 = 750

Profit = 5% of CP = 0.05 * 750 = 37.50

SP = 750 + 37.50 = 787.50

b)

Actual C.P = 1150 + 50 = 1200

Profit = 5% of CP = 0.05 * 1200 = 60.00

SP = 1200 + 60 = 1260

c)

Actual C.P = 560 + 40 = 600

Profit = 5% of CP = 0.05 * 600 = 30.00

SP = 600 + 30 = 630