Question

A merchant allows 25% discount on the marked price of the cycles and still makes a profit of 20%.If he gains r.s 360 over the sale of one cycle,fond the marked price of the cycle

Answer 1

the merchant allows 25% discount on mp

the merchant still gains 20% on cp

let mp be x

x-x*25%=cp+20%cp

75%x=120%cp

cp=5÷8x

profit=sp-cp

360=3÷4x-5÷8x

x=360×8

2880=x

mp=2880