41 Gurdeep lost 20% by selling a bicycle for Rs. 1536. What percent shall he gain by selling it for Rs. 2040?
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Solution :-
Let the cost price of the bicycle be Rs. x
According to the question.
x - (x*20)/100 = 1536
⇒ x - x/5 = 1536
⇒ 4x/5 = 1536
⇒ 4x = 1536*5
⇒ 4x = 7680
⇒ x = 7680/4
⇒ x = 1920
So, cost price of the bicycle is Rs. 1920
Now, the new selling price is Rs. 2040
Profit = SP - CP
Profit = 2040 - 1920
Profit = Rs. 120
Profit percent = Profit*100/CP
⇒ (120*100)/1920
⇒ 12000/1920
⇒ 6.25 %
So, gain percent is 6.5 % if the selling price of the bicycle is Rs. 2040
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