Question

8. A merchant allows 25% discount on the marked
price of the cycles and still makes a profit of 20%.
If he gains 360 over the sale of one cycle, find
the marked price of the cycle.
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Answer 1

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

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