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A cycle of rs. 700 with …

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A cycle of rs. 700 with rs. 50 as overhead charges Find selling price if profit of5%

Posted by Chitra Belwal 7 years, 2 months ago

CBSE > Class 08 > Mathematics

1 answers

Yogita Ingle 7 years, 2 months ago

CP of the cycle = Rs 700
Overhead charges = Rs 50
Total CP of the cycle =700 + 50 = Rs 750
Profit % = 5 %

Profit % = [(SP - CP) / CP] x 100
5 = [(SP - 750) / 750] x 100
5/100 = [(SP - 750) / 750]
(5 x 750) /100 = (SP - 750)
75 / 2 = SP - 750
SP = (75/2) + 750
SP = 787.5
Therefore, the selling price of the cycle = Rs 787.5

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