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  • Find selling price SP if a profit of 5 percent is made on a cycle of Rs 700 with Rs 50 as overhead charges

1  Find selling price (SP) if a profit of 5% is made on

             (a) A cycle of Rs 700 with Rs 50 as overhead charges. 

Answers (1)

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We know that cost price = Buying price + Overhead expenses

\therefore Cost price = Rs 700 + Rs 50 = Rs 750

Profit percent = 5%

We know,

\\Profit= Cost\ price\times \frac{Profit\ percent}{100} \\Profit=750\times \frac{5}{100}

\therefore 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

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