OATHl'sthansaction5. A cycle merchant allows 25% discount on the marke

1.	OATHl'sthansaction5. A cycle merchant allows 25% discount on the marked priceof the cycles and still makes a profit of20% If he earns a profit of t 360 on the sale of one cycle, findHint: First find the C efthodlethe marked price of
Answer» Profit = 20% = 360 Rs So, Cost Price = 360 / 20 * 100 = 1800 Rs And Sales Price = 1800 + 360 = 2160 Rs Discount = 25% of marked price So Sales Price = (100 - 25) % = 75% of marked price => 2160 = 75% of marked price => marked price = 2160 / 75 * 100 = 2880 Rs

OATHl'sthansaction5. A cycle merchant allows 25% discount on the marked priceof the cycles and still makes a profit of20% If he earns a profit of t 360 on the sale of one cycle, findHint: First find the C efthodlethe marked price of

Answer»

Profit = 20% = 360 Rs

So, Cost Price = 360 / 20 * 100 = 1800 Rs

And Sales Price = 1800 + 360 = 2160 Rs

Discount = 25% of marked price

So Sales Price = (100 - 25) % = 75% of marked price

=> 2160 = 75% of marked price

=> marked price = 2160 / 75 * 100 = 2880 Rs