Question

The marked price of a cycle is ₹1200 by allowing a discount of 10% it gives a profit of 70₹ then the cost price is

Answer 1

cost price is 1010
(1200-1200*10%)-70=1010

Answer 2

Answer:

The cost price is Rs. 1010.    

Step-by-step explanation:

Given : The marked price of a cycle is ₹1200 by allowing a discount of 10% it gives a profit of 70₹.

To find : The cost price ?

Solution :

The market price MP=₹1200

The percentage discount D=10%

The selling price formula is,

$SP=MP[1-\frac{D\%}{100}]$

Substitute the value in the formula,

$SP=1200[1-\frac{10}{100}]$

$SP=1200[1-0.1]$

$SP=1200[0.9]$

$SP=1080$

The selling price is SP=₹ 1080.

The profit P=₹ 70

The cost price is given by,

Profit = SP- CP

$70=1080-CP\\CP=1080-70\\CP=1010$

Therefore, The cost price is Rs. 1010.