if a bicycle is sold for Rs 255,there will be twice as much profit as there would have been loss, had it been sold for Rs 225.find the real price of the bicycle.
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Answer:Let take cost price = x ,
then by formula
S.P = ((100 - L%)/100)* C.P
S.P = (80/100)* x = (4/5) x
Now if he sell 200 more,
S.P = (4/5)x + 200
Profit will 5 %
S.P = ((100 + P% )/100) * C.P
=> (4/5)x + 200 = ((100 + 5)/100) * x
25x = 20000
x = 800
C.P is ₹ 800
But this solution is correct according to above questions also incorrect only when the question is written incorrect.
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