Question

Ajay lost 20% by selling a bicycle for Rs. 2080.Find the cost price of the bicycle.

Please help me

Answer 1

Given: Ajay lost $20$% by selling a bicycle for Rs.$2080$

We have to find the cost price of the bicycle.

We are solving in the following way:

We have,

Ajay lost $20$% by selling a bicycle for Rs.$2080$

Since Ajay lost $20$% it means the sale price $2080$ is equal to$(100 - 20 = ) 80\%$

Let assume the cost price of a bicycle be$x$.

$=>x\times\frac{80}{100} =2080\\\\=>x=\frac{2080\times100}{80} \\\\=>x=2600$

Hence, the cost price of the bicycle will be $2600$Rs.