When a cycle is sold allowing 10% discount on its marked price a seller gain 5% and allowing 5% discount the profit is Rs.351.Find the Cost Price of cycle
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What kind of question is this? These are 2 separate equations, and hence 2 separate products and margins you are talking about.
1)Sold for 10% discount ie 90% Selling price = 105% of Cost price (5% margin). So selling price is 1.1667 x cost price. A product costing 100 will have marked price of 116.67, and discounted at 10% will give 105 sold price leading to 5% margin.
2)Sold for 5% discount ie 95% of selling price = 135% of cost price (35% margin). So selling price here is 1.421 x cost price. A product costing 100 will have marked price of 142.1, and discounted at 5% will give 135 sold price leading to 35% margin.
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