Question

A incurred a loss of Rs. 20% by selling his bicycle for rs. 3200. what should have been selling price of his bicycle in Rupees, if he has to earn a profit of 15%?

Answer 1

cp of bicycle=(3200*100)/80=4000
to have profit of 15% sp has to be 115% of cp
therefore cp=(4000*115)/100=4600

Answer 2

Let cp of bicycle x.
A/q
X-20%of x=3200
x-20/100*x=3200
x-x/5= 3200
4x=16000
x=4000
Now.
SP= x+15% of x
=4000+ 15/100*4000
=4000+600
=4600