One person sold his bicycle at 10% loss. if he had sold for 45 rupees more he
would have made 5% profit. For how much did he sell the bicycle?
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Answer:
Assume the cost price is x.
So the sell price of cycle is x-20x/100 =4x/5
Now According to condition…
Sell Price + 450 = Cost Price + 10 % profit
So the algebric equation is following..
4x/5 + 450 = x + 10x/100
(4x+2250)/5 = 11x/10
4x+2250 = 11x/2
11x = 8x + 450
After solving the equation
x = 1500
The cost price is 1500.
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