Question

Find SP if the profit percentage is 15% overhead expense is 450 and CP is 1850

Answer 1

Sol: (a) CP of the cycle = Rs 700 Overhead charges = Rs 50 Total CP of the cycle =700 + 50 = Rs 750 Profit % = 5 % Profit % = [(SP - CP) / CP] x 100 5 = [(SP - 750) / 750] x 100 5/100 = [(SP - 750) / 750] (5 x 750) /100 = (SP - 750) 75 / 2 = SP - 750SP = (75/2) + 750 SP = 787.5 Therefore, the selling price of the cycle = Rs 787.5Other two questions can be solved in the same procedure as shown above.