Question
A bicycle is purchased for Rs. 6000 and Rs. 1000 is
spent on its repair. The bicycle is then marked 15% above its effective cost price and then sold for Rs. 7700 after offering some discount. Find the discount offered.Solution
Effective cost price of the bicycle = 6000 + 1000 = Rs. 7000 Marked price of the bicycle = 115% of 7000 = 1.15 × 7000
= Rs. 8050 Discount offered = 8050 – 7700 = Rs. 350
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