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

20% profit =360 Rs.

So total price will be 360*100/20=1800 rs.

Selling price is 1800+360=2160 rs

Seller gives 25% discount so 3/4th of market price is 2160 rs

So, market price would be 2160*4/3= 2880 rs

Answer 2

Let marked price be x

selling price = marked price - discount

=x

100

−25

x

=

100

75

x=

4

3

x

Gain % =

CP

Gain

×100

CP=

20

360

×100=1800 Rs

So, Gain = SP - CP

360=

4

3

x−1800

⇒2160=

4

3

Rs

S x=

3

2160×4

=2880 Rs