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
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.
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.
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