|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. Cycle.
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Given that,
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.
Let assume that Marked Price of cycle be x.
Discount % = 25 %
We know,
So, on substituting the values, we get
Now, It is further given that after allowing 25% discount on the marked price of the cycles, he still makes a profit of 20 %
So, we know
So, on substituting the values, we get
Now, Further given that, Gain on one cycle is 360
So, Marked price of cycle is 2880.
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