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

   (c) a fan bought at Rs 560 and expenses of Rs 40 made on its repairs.

Answers (1)

We know, Cost price = Buying price + Overhead expenses

\therefore Cost price = Rs 560 + Rs 40 = Rs 600

Profit percent = 5%

\\Profit= Cost\ price\times \frac{Profit\ percent}{100} \\Profit=600\times \frac{5}{100}

\therefore Profit = Rs 30 

Now, Selling price (SP) = Cost price + Profit =Rs 600 + Rs 30 = Rs 630 

Therefore, the selling price (SP) is Rs 630

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