Find the selling price (SP) if a profit of 5% is made on: (a) a cycle of Rs. 700 with Rs. 50 as overhead charges. (b) a lawnmower bought at Rs. 1150 with Rs. 50 as transportation charges. (c) a fan bought for Rs. 560 and expenses of Rs. 40 made on its repairs.
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A cycle of RS:700 with Rs.50 are overhead charges
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Answer:
(a) cp=700 and oe= 50
total cp= 750
profit = 5% x 750 = 5/100 x 750 = 5/10 x 75 = 37.50
Sp = 750 + 37.50 = Rs. 787.50
b) cp = 1150+50=1200
profit = 5% x 1200 = 5/100 x 1200 = 60
Sp = 1200 + 60 = Rs. 1260
c) cp = 560+40 = 600
Profit =5/100 x 600 = 30
Sp = 600 + 30 = Rs.630
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