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Select 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.Options4567300026,750None of these

Question

Select 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.Options4567300026,750None of these

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Solution

To find the selling price of the motorcycle, we first need to calculate the profit amount.

Step 1: Calculate the profit Profit = (Profit percentage/100) * Cost price Profit = (7/100) * 25000 Profit = Rs. 1750

Step 2: Calculate the selling price Selling price = Cost price + Profit Selling price = 25000 + 1750 Selling price = Rs. 26750

So, the correct answer is Rs. 26,750.

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