Question
The cost price of an bicycle is Rs. 24,000. The bicycle is marked 35% above its cost price and sold after a discount of Rs. 3600. If the cost price of the bicycle had been Rs. 4,000 less but it was sold for the same price as before, then what would be the percentage of profit earned?
Solution
Selling price of the bicycle = 24000 × 1.35 - 3600 = Rs. 28,800 So, required percentage = {(28800 - 20000) ÷ 20000} × 100 = 44%
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