Question

Q4 A cycle of Rs. 700 with Rs 50 as overhead charges is on sale and a profit of 5 % is made while selling it. Write a) Total Cost price b) Selling price c) profit d) Is total cost price greater than selling price.​

Answer 1

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

Answer 2

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