Question

a dealer buys a bicycle for 1250 and marks it as 40% above its cost price if he allows 8% discount find1 S.P of the Bicycle 2.Profit percentage​

Answer 1

Answer :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 %

Hope it helps you

Answer 2

Given:::

• The cost price of bicycle=Rs.1250
• The Mark price=40% above of cost price
• Discount allowed on bicycle=8%

To Find::

• Selling price of bicycle
• profit% on bicycle

Solution:::

=>Mark price=1250×140/100

=>Mark price=125×14

=>Mark price=Rs.1750

• Now finding selling price

=>selling price=mp(100-d%)/100

=>selling price=1750×92/100

=>selling price=Rs.1610

• now calculate profit%

=>Profit%=Sp-Cp/cp×100

=>profit%=1610-1250/1250×100

=>profit%=360/1250×100

=>Profit%=28.8%

Therefore a dealer gain on bicycle is 28.8%