Question

If a cycle is sold at Rs. 700.000 there is a loss, but if it is
sold at Rs.820.000 there will be a profit twice of tte loss. What is the
cost price of the cycle?​

Answer 1

Answer:

ANSWER

∵ Total cost price=Rs.700+Rs.50(overhead expenses)

=Rs750

Profit=5% of Rs.750

=Rs.

100

5

×Rs.750=Rs.

2

5×15

=Rs.37.50

Now, S.P=C.P+Profit

=Rs.750+Ts.37.50=Rs.787.50