Question

A cycle merchant allows 25% commission on his advertised price and still makes a profit of 20%. If he gains Rs 60 over the sale of one cycle, find his advertised price.

Answer 1

x * 20% = 60
x * 20/100 = 60
x * 20 = 60 * 100
x * 20 = 6000
x = 6000/20
x = 300

Answer 2

Answer: The advertised price is Rs. 300.

Step-by-step explanation:

Let the advertised price be 'x'.

Rate of commission on advertised price = 25%

Rate of profit = 20%

profit = Rs. 60

According to question, it becomes,

$\dfrac{20}{100}\times x=60\\\\0.2\times x=60\\\\x=\dfrac{60}{0.2}\\\\x=Rs.\ 300$

Hence, the advertised price is Rs. 300.