Question

A shopkeeper gives two successive discounts of 10% and 20% on the marked price of 5000 of a bicycle, he had to give a further discount equal to 20% of his cost price on his new selling price, as a result of which he made neither a profit nor a loss. find the cost price of the bicycle

Answer 1

5000
||||||||||| (10% discount)
4500
||||||||||(20% discount)
3600
then 3600-0.2x=x
1.2x=3600
x=3000 then c.p =3000

Answer 2

Answer:

The cost price of the bicycle is 3000

Step-by-step explanation:

Step 1: We come across phrases like cost price, tagged price, discount, and selling price when making a purchase. Shop owners give discounts to customers to encourage product sales. Discount is the phrase used to describe a refund or an offer made to clients on the listed price of goods.

A shopkeeper gives two successive discounts of 10% and 20% on the marked price of 500 (10% discount)

4500

Step 2: He had to give a further discount equal to 20% of his cost price on his new selling price (20% discount)

3600

Then 3600-0.2x=x

1.2x=3600

x=3000 then c.p =3000

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