Question

Raju sold a bicycle to a meet at 8% profit Amit repaired it spending rupees 54 than he sold the bicycle to Nikhil for rupees one 1134 with no profit and loss find the cost of bicycle for which Raju purchased it

Answer 1

1080 is the correct answer

Answer 2

Let the cost of the bicycle for which Raju purchased it be x.

Selling price of the bicycle

$= 108\% \: of \: cost \: price$

$= \frac{108}{100} \times x$

Amit repaired it by spending ${Rs.\:54}$

Cost price of the bicycle for which Nikhil purchased it

$1134 = \frac{108}{100} x + 54$

$1134 = \frac{108}{100} x + 54$

$1134 - 54 = \frac{27}{25} x$

$1080 = \frac{27}{25} x$

$1080 \times 25 = 27x$

$x = \frac{1080 \times 25}{27}$

$x = 1000$

Hence,

The cost price of the bicycle for which Raju purchased it is ${Rs.\:1000.}$