The Cost Price of the Bicycle

Oct 13, 2025 by magicalceylontours.com 122 views

Understanding the Problem

When it comes to buying and selling goods, profit margins play a crucial role in determining the selling price. In this article, we will explore a simple math problem that involves calculating the selling price of a bicycle based on its cost price and the profit made.

The Cost Price of the Bicycle

The cost price of the bicycle is given as Rs. 1700. This is the amount at which the bicycle was bought by the seller.

The Profit Made

The profit made on the sale of the bicycle is given as Rs. 200. This is the amount by which the selling price exceeds the cost price.

Calculating the Selling Price

To calculate the selling price of the bicycle, we need to add the profit made to the cost price. This can be represented mathematically as:

Selling Price = Cost Price + Profit

Substituting the given values, we get:

Selling Price = Rs. 1700 + Rs. 200

Solving the Equation

To find the selling price, we need to add the cost price and the profit.

Rs. 1700 + Rs. 200 = Rs. 1900

Therefore, the selling price of the bicycle is Rs. 1900.

Conclusion

In this article, we have seen how to calculate the selling price of a bicycle based on its cost price and the profit made. By using a simple mathematical equation, we have arrived at the selling price of the bicycle, which is Rs. 1900.

Real-World Applications

This problem has real-world applications in various fields, such as business, economics, and finance. Understanding how to calculate profit margins and selling prices is essential for making informed decisions in these fields.

Tips and Tricks

Here are some tips and tricks to help you solve similar problems:

Always read the problem carefully and understand what is being asked.
Identify the given values and the unknown value.
Use mathematical equations to represent the problem.
Solve the equation step by step.
Check your answer to ensure it is reasonable and accurate.

Practice Problems

Here are some practice problems to help you reinforce your understanding of calculating selling prices:

A book is bought for Rs. 1200 and sold at a profit of Rs. 150. What is the selling price of the book?
A shirt is bought for Rs. 800 and sold at a profit of Rs. 100. What is the selling price of the shirt?
A pair of shoes is bought for Rs. 600 and sold at a profit of Rs. 50. What is the selling price of the shoes?

Solutions to Practice Problems

Here are the solutions to the practice problems:

A book is bought for Rs. 1200 and sold at a profit of Rs. 150. What is the selling price of the book? Selling Price = Cost Price + Profit = Rs. 1200 + Rs. 150 = Rs. 1350
A shirt is bought for Rs. 800 and sold at a profit of Rs. 100. What is the selling price of the shirt? Selling Price = Cost Price + Profit = Rs. 800 + Rs. 100 = Rs. 900
A pair of shoes is bought for Rs. 600 and sold at a profit of Rs. 50. What is the selling price of the shoes? Selling Price = Cost Price + Profit = Rs. 600 + Rs. 50 = Rs. 650

Conclusion

In this article, we have seen how to calculate the selling price of a bicycle based on its cost price and the profit made. We have also seen how to apply this concept to real-world problems and provided tips and tricks to help you solve similar problems. By practicing these problems, you will become more confident in your ability to calculate selling prices and make informed decisions in various fields.

Q: What is the formula for calculating the selling price of an item?

A: The formula for calculating the selling price of an item is:

Selling Price = Cost Price + Profit

Q: What is the cost price of an item?

A: The cost price of an item is the amount at which the item was bought by the seller.

Q: What is the profit made on the sale of an item?

A: The profit made on the sale of an item is the amount by which the selling price exceeds the cost price.

Q: How do I calculate the profit made on the sale of an item?

A: To calculate the profit made on the sale of an item, you need to subtract the cost price from the selling price.

Profit = Selling Price - Cost Price

Q: What is the difference between the cost price and the selling price?

A: The difference between the cost price and the selling price is the profit made on the sale of the item.

Q: Can I calculate the selling price of an item if I know the cost price and the profit?

A: Yes, you can calculate the selling price of an item if you know the cost price and the profit. Simply add the profit to the cost price.

Selling Price = Cost Price + Profit

Q: What if I want to calculate the profit made on the sale of an item if I know the selling price and the cost price?

A: To calculate the profit made on the sale of an item if you know the selling price and the cost price, you can subtract the cost price from the selling price.

Profit = Selling Price - Cost Price

Q: Can I calculate the cost price of an item if I know the selling price and the profit?

A: Yes, you can calculate the cost price of an item if you know the selling price and the profit. Simply subtract the profit from the selling price.

Cost Price = Selling Price - Profit

Q: What if I want to calculate the selling price of an item if I know the cost price and the profit margin?

A: To calculate the selling price of an item if you know the cost price and the profit margin, you can add the profit margin to the cost price.

Selling Price = Cost Price + (Profit Margin x Cost Price)

Q: What is the profit margin?

A: The profit margin is the percentage of the cost price that is added to the selling price as profit.

Q: Can I calculate the profit margin if I know the selling price and the cost price?

A: Yes, you can calculate the profit margin if you know the selling price and the cost price. Simply subtract the cost price from the selling price and divide by the cost price.

Profit Margin = (Selling Price - Cost Price) / Cost Price

Q: What if I want to calculate the selling price of an item if I know the cost price and the percentage profit?

A: To calculate the selling price of an item if you know the cost price and the percentage profit, you can add the percentage profit to the cost price.

Selling Price = Cost Price + (Percentage Profit x Cost Price)

Q: What is the percentage profit?

A: The percentage profit is the percentage of the cost price that is added to the selling price as profit.

Q: Can I calculate the percentage profit if I know the selling price and the cost price?

A: Yes, you can calculate the percentage profit if you know the selling price and the cost price. Simply subtract the cost price from the selling price and divide by the cost price, then multiply by 100.

Percentage Profit = ((Selling Price - Cost Price) / Cost Price) x 100

Conclusion

In this article, we have seen how to answer frequently asked questions on calculating selling prices. We have covered topics such as the formula for calculating the selling price, the cost price, the profit made, and the profit margin. We have also seen how to calculate the selling price, the profit made, and the profit margin using different formulas and methods. By understanding these concepts, you will be able to calculate selling prices and make informed decisions in various fields.