ct the correct answerAkshay buys a motorcycle for Rs.25000. If he decides to sell the motorcycle for a profit of 7%, find the selling price.
Question
Akshay buys a motorcycle for Rs.25000. If he decides to sell the motorcycle for a profit of 7%, find the selling price.
Solution
Step 1: Understand the problem Akshay bought a motorcycle for Rs.25000 and he wants to sell it for a profit of 7%. We need to find the selling price.
Step 2: Calculate the profit Profit is calculated as a percentage of the cost price. So, 7% of Rs.25000 is calculated as (7/100)*25000 = Rs.1750
Step 3: Calculate the selling price The selling price is the cost price plus the profit. So, Rs.25000 + Rs.1750 = Rs.26750
Therefore, the selling price of the motorcycle is Rs.26750.
Similar Questions
ct the correct answerAkshay buys a motorcycle for Rs.25000. If he decides to sell the motorcycle for a profit of 7%, find the selling price.
electric bicycle is sold Rs. 15300 to earn a profit of 3 %. What should be the Selling price of the electric bicy such that a profit of 7 % is achieved?
A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.23%25%27%29%
A merchant marks his goods at Rs. 600 and allows a discount of 25%. If he still gains 11.11%, then the cost price of the article is:
On selling an article for Rs. 200, a man loses Rs. 20. Find his profit per cent.A10%B9*1/11%C11*1/9%D20%
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.