Question

ONLY FOR BRAINLIEST

A cycle merchant allows 25% discount on the Marked price of the cycle and still make a profit of 20% if he earns a profit of 360 on the sale of one cycle find the Marked price of the cycle

Answer 1

Profit = 20%

Profit = Rs 360

Find the selling price:

20% = 360

1% = 360 ÷ 20 = Rs 18

100% = 18 x 100 = Rs 1800

Find the Marked price:

Discount = 25%

Selling Price = 100 - 25 = 75%

75% = Rs 1800

1% = 1800 ÷ 75 = Rs 24

100% = 24 x 100 = Rs 2400

Answer: The marked price is Rs 2400