Q54 of 90 Page 133

A dealer buys a bicycle for Rs 1250 and marks it at 40% above its cost price. If he allows 8% discount find selling price of the bicycle and profit percentage?

Let the selling price of bicycle be x


Cost price of the bicycle = Rs. 1250


Mark at 40% above the cost price


Mark price of the bicycle = Cost price + 40 % of the cost price



= 1250 + 500


= 1750


After this, he gave a 8% discount on this amount so


Discount



Selling price of bicycle = Marked price of bicycle – Discount


selling price of bicycle = 1750 – 140 = 1610


Profit = 1610 – 1250 = 360


Percentage profit


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