Answered

Find the selling price if a profit of 5% is made on a lawn mower bought at Rs. 1150 with Rs. 50 as transportation charges  .

Answer :

Answer:

Given and Find:-

Find the selling price if a profit of 5% is made on a lawn mower bought at Rs. 1150 with Rs. 50 as transportation charges.

We know that:-

  • CP = Cost price,
  • SP = Selling price.

Calculations:-

⇢ CP = 1150 + 50 = 1200

⇢ SP = 1200 {(1 + 5)/100}

⇢ SP = 1200 (1.05)

⇢ SP = 1260

Therefore, 1260 is the required selling price.

soniyahuidrom1

Answer:

Here, actual CP (Cost Price) of the cycle = Rs. 1,150

Overhead charges = Rs. 50

And profit = 5%

∴ Total CP = Rs. 1,150 + Rs. 50 = Rs. 1,200

We know, SP (Selling Price) = CP + profit% × CP

∴ SP = Rs. 1,200 + 5% × Rs. 1,200

= Rs. 1,200 + 5/100 × Rs. 1,200

= Rs. 1,260

Therefore, Rs. 1,260 is the required selling price.

Other Questions