a seller marked a price of Rs 460 on a cycle and sold it giving 25% discount. if he got 15% profit, then find out the cost price of cycle
Answers
Answer:
Let the cost price of article be p
Given that profit =15%
p+
100
15
p=460
p+
20
3
p=460
20
23p
=460
p=
23
460×20
=20×20
=400
∴Cost price of article=400 Rs./
Given:
A seller marked a price of Rs 460 on a cycle and sold it giving a 25% discount. if he got 15% profit, then find out the cost price of the cycle?
To find:
The cost price of the cycle
Solution:
Finding the S.P. of the cycle:
The M.P. of the cycle = Rs. 460
Discount% = 25%
∴ The S.P. of the cycle is,
=
=
=
=
Finding the C.P. of the cycle:
Profit% = 15%
Therefore,
The C.P. of the cycle is,
=
=
=
=
Thus, the cost price of the cycle is → Rs. 300.
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