Question

By selling a bicycle for Rs 826.20, a shopkeeper earns a profit of 8%.What is the cost price of the bicycle?

Answer 1

Answer:

rs 765

Step-by-step explanation:

Let CP be rs x

∴ Profit = Profit% × Cp

  Profit = 8 × x / 100

⇒ 2x/25

∴ SP = Profit + CP

  SP = 2x + 25x/25

  SP = 27x/25

∴ 826.20 = 27x/25

  27x = 826.20 × 25

  27x = 20,655

∴ x = 765

Therefore, the cost price of bicycle is rs 765.

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