Question

The profit percent on a bicycle is 40% find the cost and selling price of bicycle when the shopkeeper got a profit of 500

Answer 1

Hello

Here is your answer

Let CP of bicycle be Rs.x(since it is profit)

Let SP bicycle be x+500(since Profit =SP-CP)

Profit=Rs.500

Profit%=40%

SP=CP×100+P%/100

x+500=x×100+40/100

x+500=x×140/100

x+500=x×1.4

x+500=1.4x

x-1.4x=-500

-O.4x=-500

4x=5000

x=5000/4

x=1250

Answer=CP=x=Rs.1250

=SP=x+500=1250+500=Rs.1750

Hope it helps you..