Raju sold a bicycle to Amit at 8% profit. Amit repaired at spending ₹54. Then he sold the bicycle to Nikhil for ₹1134 with no loss and no profit. Find the cost price of the bicycle for which Raju purchased it.
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Answer:
Let the cp for Raju be x.
sp=100+8/100*x as per the formula
Now additional repairing cost will be added.
108x/100+54
Total sp for nikhil =27x/25+54=1134
Solving for x will give us the cp as rupees 1000
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