Question

If by selling a bicycle for rs 450 a shopkeeper gains 12.5% then the costprice of the bicycle is​

Answer 1

Cost Price = ₹400

Step-by-step explanation:

GIVEN

Selling Price = ₹450

Gain Percent = 12.5%

___________________________

TO FIND

The cost price of the bicycle

___________________________

We know that'

Cost Price = ( Selling Price × 100 ) / ( 100 + Gain Percent )

Cost Price = ( 450 × 100 ) / ( 100 + 12.5 )

Cost Price = 45000 / 112.5

Cost Price = 400

Cost Price = ₹400

___________________________

IMPORTANT

If the selling price and gain percent is given and we have to find the cost price

Then,

Cost Price = ( Selling Price × 100 ) / ( 100 + Gain Percent )

If the selling price and loss percent is given and we have to find the cost price

Then,

Cost Price = ( Selling Price × 100 ) / ( 100 - loss Percent )