Question

Ramesh buys a bicycle and after 6 months sells it at a loss of 35% to prakash. The very next day prakash sells the bicycle to Manish earning at 14% profit. If after using the bicycle for a year, Manish sells it for ₹1200 in cursing a loss of ₹356.10, at what price had Ramesh bought the cycle?
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Answer 1

Answer:

Step-by-step explanation:

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Answer 2

Answer:

Rs 2100

Step-by-step explanation:

Let cp of ramesh = x

loss = 35%

x-x × 35/100

=7x/20

=x/1-7x/20

=13x/20

cp=13x/20

prakash profit =14%

13x/20+13x/20 ×14/100= cp=1200+356.10=1556.10

13x/20+91x/1000=1556.10

650x+91x/1000=1556.10

741x/1000=1556.1

x=1556.10 ×1000/741

x=1556100/741 =Rs 2100

ramesh bought bicycle at Rs 2100