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.
We know, Cost price = Buying price + Overhead expenses
Cost price = Rs 700 + Rs 50 = Rs 750
Profit percent = 5%
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