Question

a man buys and old bicycles for Rs 1850 and spend Rs 150 to repair it if he sells it at 25% profit find its selling price​

Answer 1

Selling Price of the old bicycle is Rs 2500.

Explanation:

• Step 1: Given cost price of the cycle, CP = 1850, repair expenses = 150 and Profit % = 25%

• Step 2: Total expenses to get the bicycle = 1850 + 150 = Rs 2000

• Step 3: Formula for Selling Price, SP = CP (100 + P%)/100

⇒ SP = 2000(100 + 25)/100

⇒ SP = (2000
`*` 125)/100

⇒ SP = Rs 2500