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
Solution 1
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
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