Question

A shopkeeper marked the price of a bicycle 20% above the cost price and sells it at a discount of 10% If he gains Rs 576 while selling it find cost price, marked price and selling price of the bicycle.​

Answer 1

Answer: Bicycle  Price as under:

Cost Price = Rs 7200

Marked Price = Rs 8640

Selling Price = Rs 7776

Step-by-step explanation:

                             Assumed Price Bicycle  

Cost Price- Note 1      100     7200

Add :Marked addition 20      1440

Marked Price                  120      8640

Less Discount @ 10 %   12        864

Selling Price                108      7776

   

Less Cost Price          100      7200

Profit                             8      576

Note 1 : Calculation of Cost Price  

For Rs 8 Profit Cost Price 100  

Then For Rs 576 Profit Cost Price ??? 7200

=576*100/8