Question

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, find the cost price of the cycle.
​

Answer 1

(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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Answer 2

Answer:

(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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Step-by-step explanation: