By selling the bicycle for ₹ 1200, David gets
20% profit. Find the cost price of the bicycle.
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2
He bought it for 1000 and sold it for 1200 to get the profit he earned.
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15
Answer:
let profit =x
profit =20%of x
profit=20/100x
=1/5x
sp=profit +cp
₹1200=x+x/5
₹1200=5x+x/5
₹1200=6x/5
₹1200x5=6x
₹6000=6x
x=6000/6
x=1000
ans. cost price of a bicycle=₹1000
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