Question

Find selling price (SP) if a profit of 5% is made on
(ax a cycle of 700 with 50 as overhead charges.
ion charges.​

Answer 1

Answer:

We know, Cost price = Buying price + Overhead expenses

Cost price = Rs 700 + Rs 50 = Rs 750

Profit percent = 5%

We know,

Profit = Rs 37.5

Now, Selling price (SP) = Cost price + Profit =Rs 750 + Rs 37.5 = Rs 787.50

Therefore, the selling price (SP) is Rs 787.50

Answer 2

Step-by-step explanation:

c.p.= 700+50=750

S.p.=?

profit = 5%

5% = 750 - selling price

selling price = 750 × 5 ÷100

= 37.5

selling price = 750+37.5

= 787.5