A man buys a cycle for ₹1600 and sells it at a loss of 20%. What is the selling price of the cycle?
Given:
Cost Price of the cycle = ₹1600
Loss Percentage = 20%
Formula Used:
Selling Price = Cost Price
Solution:
Selling Price =
=
=
= 16 80
= 1280
So, the selling price of the cycle is ₹1280.
Thus, the correct answer is (b).
Alternative Method;
CP : SP
5x : 4x
5x = 1600
x =
x = 320
SP = 4x = 40 320 = 1280
English
100 Questions
100 Marks
90 Mins English English100 Questions100 Marks90 Mins English English100 Questions100 Marks90 Mins EnglishBy selling an article for ₹21, a dealer makes a profit of 20%. By how much should he increase his selling price (in ₹) so as to make a profit of 50%?
A person bought a plot for ₹1,20,000. He sold part of this plot at a loss of 10%. At what profit percent should he sell the remaining plot to earn a profit of 27% on the whole transaction?
Atul bought a bicycle at three-fourth price of its marked price and sold it at 20% more than its marked price. What will be the profit percentage?
The cost price of article A is ₹ 500 more than the cost price of article B. Article A is sold at a loss of 10% and B is sold at a profit of 20%. If there is a profit of ₹200 in the entire transaction, then the cost price of article A is :
Vinay bought 100 pens (all at same cost price). He sold 40 pens at a profit of 20 percent, 20 pens at a profit of 40 percent and the remaining at the cost price. If he had sold all at a profit of 20 percent, then he would have got Rs. 160 more. What is the cost price of each pen?
A ration shop dealer sells his sugar using weights has 10% less than the true weight and makes a profit of 15%. Find his total gain percentage.
An article was sold at ₹600, making a profit of 20%. The cost price of the article was
Suggested Test Series
Suggested Test Series
