Question

when a cycle is sold allowing 10% discount on its marked price a seller gains 8% and allowing 5% discount the profit is rs 2800 find the marked price and cost price of the cycle​

Answer 1

Step-by-step explanation:

When a cycle is sold allowing 10% discount on its marked price, a seller gains 5% and allowing 5% discount the profit is Rs. 351. What is the cost price of the cycle?

What economic crisis may the world economy have to bear?

The covid-19 pandemic has turned out to be an economic one as businesses are facing the heat due to dwindling orders, unemploymen

Let the CP be = 100

at 10% discount he gets 5% profit

so SP at 10% discount is 105

So MP 100/90 x 105=350/3

At new SP at 5% Discount is

350/3x95/100=665/6

So profit at this SP is 65/6

So now if profit is 65/6 then cost is 100

At 351 profit the cost will be 100x6x351/65

simplifying we get

CP=3240

Selling Price= 3240+351=3591

MP =3780

Check answer at 10% discount

at 10% discount selling price 3402

Profit at 10% discount =3402–3240=162

% profit 162/3240x100=5% which is correct

Answer 2

Step-by-step explanation:

Let the CP be = 100

at 10% discount he gets 5% profit

so SP at 10% discount is 105

So MP 100/90 x 105=350/3

At new SP at 5% Discount is

350/3x95/100=665/6

So profit at this SP is 65/6

So now if profit is 65/6 then cost is 100

At 351 profit the cost will be 100x6x351/65

simplifying we get

CP=3240

Selling Price= 3240+351=3591

MP =3780

Check answer at 10% discount

at 10% discount selling price 3402

Profit at 10% discount =3402–3240=162

% profit 162/3240x100=5% which is correct