Find the selling price if a profit of $5 %$ is made on a cycle of $R s . 700$ with $R s . 50$ as overhead charges.

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Solution

Since, total cost price $=$ Rs. $700 +$ Rs. $50$ (overhead expenses)
$=$ Rs $750$
Profit $= 5 %$ of Rs. $750$
$=$ Rs. $\frac{5}{100} \times$ Rs. $750$
$= R s . \frac{5 \times 15}{2}$
$=$ Rs. $37.50$
Now, S.P $=$ C.P $+$ Profit
$=$ Rs. $750 +$ Rs. $37.50$
Therefore, S.P $= R s .787 .50$

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Find the selling price if the profit is 5%

a) a cycle of rupees 700 with rupees 50 as overhead charge

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