Find the selling price if a profit of 5% is made on a lawn mower bought at Rs. 1150 with Rs. 50 as transportation charges .
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Answered by
25
Answer:
Given and Find:-
Find the selling price if a profit of 5% is made on a lawn mower bought at Rs. 1150 with Rs. 50 as transportation charges.
We know that:-
- CP = Cost price,
- SP = Selling price.
Calculations:-
⇢ CP = 1150 + 50 = 1200
⇢ SP = 1200 {(1 + 5)/100}
⇢ SP = 1200 (1.05)
⇢ SP = 1260
Therefore, 1260 is the required selling price.
Answered by
2
Answer:
Here, actual CP (Cost Price) of the cycle = Rs. 1,150
Overhead charges = Rs. 50
And profit = 5%
∴ Total CP = Rs. 1,150 + Rs. 50 = Rs. 1,200
We know, SP (Selling Price) = CP + profit% × CP
∴ SP = Rs. 1,200 + 5% × Rs. 1,200
= Rs. 1,200 + 5/100 × Rs. 1,200
= Rs. 1,260
Therefore, Rs. 1,260 is the required selling price.
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