Find selling price (SP) if a profit of 5% is made on (a) A cycle of rupees 700 with rupees 500 as transportation charges
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CP of cycle = Rs. 700
Overhead charges = Rs. 500
Total cost = Rs. 700+500 = 1200
Profit % = 5%
Hence , Profit = Rs. 60
SP = CP + P
SP = 1200+60 = Rs. 1260
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