Question
The cost price of a bike is 14.28% higher than that of
a scooter, and its marked price is twice its cost price. If the bike is sold at a 15% discount on the marked price, determine the profit earned on the bike. It is also known that the scooter was sold for Rs. 20,160 at a 28% loss.Solution
CP of a scooter = 20160*100/72=Rs.28000 CP of a bike = 28000*8/7=Rs.32000 MP of a bike = 32000*2=Rs.64000 SP of a bike = 64000*85/100=Rs.54400 Required profit = 54400-32000 = Rs.22400
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