Question

TRY
1. Find selling price (SP) if a profit of 5% is made on
(a) a cycle of 700 with 50 as overhead charges.
(b) a lawn mower bought at ₹1150 with ₹50 as transportation charges.
(c) a fan bought for ₹560 and expenses of ₹40 made on its repairs.​

Answer 1

Step-by-step explanation:

We know, Cost price = Buying price + Overhead expenses

 Cost price = Rs 700 + Rs 50 = Rs 750

Profit percent = 5%

We know,



 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 787.50