Question

By selling a cycle in Rs 3,600 and Rs 4,400, loss and profit respectively are happened to Ram. If the loss and the profit are equal find its cost price.

Answer 1

Answer:

Solution:

Let the marked price of the article be x.

First a 20% discount was offered, on which another 25% discount was offered.

So, 75% of 80% of x = 3600

75/100 * 80/100 * x = 3600 → x = 6000.

So the article was marked at Rs. 6000.

Cost price of the article = [100/(100+80)]*3600 = Rs. 2000.

It is important to note here that this DOES NOT equal to a 45% discount on the whole. When different discounts are applied successively, they CANNOT be added.