the price of a cycle is rupees 800 . It is increase by 18% The new sale price is
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Given : The Price of Cycle is Rs.800 and is increased by 18 % .
To Find : Find the New Sale Price
SolutioN :
Formula Used :
Calculating the Sale Price :
New Sale Price is Rs.102.25 .
Answered by
2
Let the cost price of the bicycle be " Rs X
Profit = 8%
=x* 8/100
= 2x/25
Selling price = cost price + p
rofit
= x + 2x/25
= 25x + 2x/25
= 27x/25
So the selling price is " Rs 27x/25"
Of it had been sold for Rs 75 more the gain would have been 14 %
Selling price = 27x/25 +75
But
Profit = 14%
= x x 14/100
= 7x/50
Selling price = cost price + profit
= x + 7x/50
= 57x/50
So
27x/25 + 75=57x/50
>> 57x/50-27x/25 = 75
>> 57x-54x/50 = 75
>> 3x/50 = 75
>> 3x = 75 x 50
>> x = 75 × 50/3
>> x = 25 x 50
>> x = 1250
So the cost price of the bicycle is " Rs 1250"
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