Question
A merchant sold a bicycle at a loss of 10%. If he had
increased the selling price by Rs. 5250, he would have made a profit of 20%. Calculate the marked price of the bicycle, given that it was marked 25% above the cost price.Solution
ATQ,
Let the cost price of the bicycle be Rs. ‘x’. 1.20x – 0.90x = 5250 0.30x = 5250 x = 17500 So, marked price of the bicycle = 1.25 × 17500 = Rs. 21875
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