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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Solution

Given that
Profit = 5 %
Cost Price of cycle = ₹700
Overhead Charges = ₹50
Solution
Total Cost Price = ₹(700+50) = ₹750
Selling Price = Cost Price × (100 + Profit % ÷ 100)
= 750 × (100+5 ÷ 100)
= 750 × (105÷100)
= 750 × 21/20
= ₹1575/2
= ₹787.5

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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

Given that Profit = 5 % Cost Price of cycle = ₹700 Overhead Charges = ₹50 Solution Total Cost Price = ₹(700+50) = ₹750 Selling Price = Cost Price × (100 + Profit % ÷ 100) = 750 × (100+5 ÷ 100) = 750 × (105÷100) = 750 × 21/20 = ₹1575/2 = ₹787.5

Find the selling price if the profit is 5%

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

Given that
Profit = 5 %
Cost Price of cycle = ₹700
Overhead Charges = ₹50
Solution
Total Cost Price = ₹(700+50) = ₹750
Selling Price = Cost Price × (100 + Profit % ÷ 100)
= 750 × (100+5 ÷ 100)
= 750 × (105÷100)
= 750 × 21/20
= ₹1575/2
= ₹787.5