Question

To make a profit of 33/1/3, a bicycle must be sold for rupees 2400 .what is the cost price of bicycle?
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Answer 1

Answer:

$240 is a 33 1/3% profit, it is 133 1/3% the cost of the bicycle, so:

$240/1.3333=$180

ANSWER: The cost of the bicycle is $180.

CHECK:

(0.3333)($180)+$180=$240

$60+$180=$240

$240=$240

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