Question

A bicycle was purchased for Rs. 3200 and Rs 560 were spent on its repairs. Then it was sold at a gain of 12.5%. How much did the seller receive?

Answer 1

Answer:

cp of bicycle = Rs 3200

repair cost =Rs 560

Total cp = Rs(3200+560)

=Rs3760

Profit = 3760×25/2×100

= 470

SP = Rs(3760+470)

= Rs 4230

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Answer 2

Answer:

The seller received Rs 4230

Step-by-step explanation:

CP = Rs 3200, Overheads = Rs 560, Profit % = 12.5 %

Total CP = Rs 3200 + Rs 560

Total CP = Rs 3760

$p\% = \frac{p}{cp} \times 100$

$12.5 = \frac{p}{3760} \times 100$

$12.5 \times 3760 = 100p$

$47000 = 100p$

$p = \frac{47000}{100}$

$p = 470$

SP = CP + P

SP = 3760 + 470

SP = 4230