Question

A dealer buys a bicycle fir Rs 1250 and marks it at 40% above its cost price lf he allows 8% discount find selling price of the bicycle and profit percentage

Answer 1

Solution :-

Cost price of the bicycle = Rs. 1250 

Marked price of the bicycle = Cost price + 40 % of the cost price

Marked price = 1250 + (1250*40)/100

⇒ Rs. 1250 +  Rs. 500

Marked price of the bicycle = Rs. 1750

Discount given by the dealer = 8 %

⇒ (1750*8)/100

Discount = Rs. 140

Selling price of the bicycle = Marked price of the bicycle - Discount

⇒ 1750 - 140

⇒ Selling price of the bicycle = Rs.1610

Profit = Selling price - Cost price

⇒ 1610 - 1250

Amount of profit = Rs. 360

Profit percentage = (Profit*100)/Cost price

⇒ (360*100)/1250

Profit = 28.8 %

Answer.

Answer 2

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