Question

A dealer buys a bicycle for rupees 1250 and mark it at 40% above its cost price. If he allow 8% dicount, find (1). Selling price of the bicycle (2). Profit percentage

Answer 1

Find Price after Markup:

Mark up = 40% of 1250 = 0.4 x 1250 = Rs 500

The price of the bicycle after mark up = 1250 + 500 = Rs 1750

Find Price after Discount:

Discount = 8% of 1750 = 0.08 x 1750 = Rs 140

The price of the bicycle after discount - 1750 - 140 = Rs 1610

(1) The price of the bicycle after discount is Rs 1610

Find Profit Percentage:

Profit = 1610 - 1250 = 360

Profit Percentage = 360/1250 x 100 = 28.8%

(2) The profit percentage is 28.8%