A bicycle agent allows a discount of 25% on his advertised price and still makes a profit of 20% in his price.Calculate, the advertised price of a bicycle on which ,he makes a profit of $60.his cost price is $380.his profit if the advertised price is $500
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Adverised price was $480 on which he makes a profit of $60.
If C.P is $380 and A.P is $500, allowing 25% discount on A.P will result in a loss of $5.
If A.P is the selling price then his profit is $120
Step-by-step explanation:
Profit = 60 which is 20%
20% = 60
1% = 60/20
100% = 300 (Cost price)
Selling price = 360
Discount was 25% on advertised price, so,
A.P × 75/100 = 360
A.P = 360 × 100/75
A.P = 480
his cost price is $380.his profit if the advertised price is $500, (if he allows discount)
C.P = 380
A.P = 500
Discount 25% , so
S.P = 500 × 75/100
= 375
Loss = C.P - S.P
= 380-375
= 5
Without Discount ( if A.P = S.P)
C.P = 380
C.P = 380A.P = 500
Profit = A.P - C.P
= 500 -380
= 120
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