Question

A cycle merchant allows 40% discount on the marked price of the cycle and still makes a marked profit of
40%. If he gains 300 over the sale of one cycle, what is marked price of the cycle?​

Answer 1

Step-by-step explanation:

let the Mp be x

New Mp = 60x/100

3x/5

Cp= 60/100*3x/5

36x/100

Gain= Mp - cp

300 = 3x/5 - 6x/25

300 = 15x-6x/25

7500= 9x

2500=3x

2500/3 = x

833.333=x

Answer 2

Step-by-step explanation:

1. discount = 40%
2. profit = 40%
3. total gain = 300
4. cp=profit /profit%*100
5. 300/40*100=750
6. so sp= cp+profit
7. 750+300=1050
8. mp of cycle = Sp*100/100-40*100