Question

cycle merchant allows 25% discount on the marked price of the cycle and still makes a profit of 20%. if he gain rs 360 over. the sale of one cycle , find the marked price of the cycle

Answer 1

Answer:

Rs.7200

Explanation:

Let, the M.P. of the cycle = x

Discount given on the M.P. = 25%

S.P. of the cycle = x×25/100 = Rs.x/4

Profit = 20%

Profit = x/4×20/100 = Rs.x/20

A/Q:-

M.P. of the cycle = x/20 = Rs.360

= x = 20×360

= x = Rs.7200

Hence, M.P. of the cycle = Rs.7200

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