A trader bought a bicycle for Rs 2500. After allowing a discount of 25% on the marked price, he incurs a loss of 8% on it. Find the marked price of the bicycle, correct to the nearest rupee.
Answers
Answer:
Step-by-step explanation:
Let us assume that the marked price of the bicycle be X.
According to the question the selling price of the bicycle is X-25% of X which is equal to 2500 - 8% of 2500.
∴ X-25% of X= 2500-8% of 2500.
This is because since the bicycle was purchased for Rs. 2500. On selling the bicycle the trader made a loss of 8% ( as a discount of 25% was offered on marked price by him to the customer).
∴ 25% of marked price = 2500- 8% of 2500
∴ X – 25X/100 = 2500 – 2500 x 8/100
(100X-25X)/100 = 2500 – 200
75X/100 = 2300
75X = 230000
X = 3066.66667
The nearest rupee would be Rs 3067/-
∴ The marked price of the bicycle is Rs. 3067/-.
Hope this helps.
Answer:
Step-by-step explanation:
Let us assume that the marked price of the bicycle is X.
According to the question, the selling price of the bicycle is X-25% of X which is equal to 2500 - 8% of 2500.
∴ X-25% of X= 2500-8% of 2500.
This is because since the bicycle was purchased for Rs. 2500. On selling the bicycle the trader made a loss of 8% ( as a discount of 25% was offered on marked price by him to the customer).
∴ 25% of marked price = 2500- 8% of 2500
∴ X – 25X/100 = 2500 – 2500 x 8/100
(100X-25X)/100 = 2500 – 200
75X/100 = 2300
75X = 230000
X = 3066.66667
The nearest rupee would be Rs 3067/-
∴ The marked price of the bicycle is Rs. 3067/-.
Hope this helps.