Question
Rishabh bought a Cycle at a discount of 6⅔% on MRP.
He earned half the amount of his CP by renting it for 100 days. After that he resells it at half of MRP. In this transaction he earned Rs. 100, find MRP of Cycle (in Rs).Solution
Let the MRP of cycle is 6x. ∴ Discount = 20/ 3% of 6x = 0.4x ∴ Rishabh bought this cycle for 5.6x. He earns 2.8x by renting it and resells it at 3x. ATQ, 3x + 2.8x – 5.6x = 100 0.2x = 100 ⇒ x = 500 ∴ MRP = 6x = 6 × 500 = Rs. 3000
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