Question

Find the SP of a bicycle, if a profit of 10% is made on a bicycle of cost Rs. 700 with Rs. 50 as overhead charge.​

Answer 1

Answer:

825

SP will be 825

cp is 700 overhead charges are 50 rs then profit will be 75 then sp will be 825

Answer 2

Cost price = Buying price + Overhead expenses

Cost price = Rs 700 + Rs 50 = Rs 750

Profit percent = 5%

profit=CP×profit percent/100

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 787.5