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
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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