Question

A dealer buys a bicycle for ₹1250 and marks it at 40% above its cost price. If he allows 8% discount,find profit percent.

Answer 1

Cost price =₹1250
Selling price =40℅ above the Cp
I.e. 40℅of 1250+1250
=₹1750

He give 8℅discount
8℅ of 1750
$\frac{8}{100} \times 1750 \\ = 140$
Therefore,
The final Selling price=Sp-Discount
=1750-140
=1610

Profit =Sp-Cp
=1610-1250
=360

Profile percentage=
$= \frac{profit}{cp} \times 100 \\ = \frac{360}{1610} \times 100 \\ = 22.36\%$