A shopkeeper buys a bicycle for ₹3,500 and sells it at a 20% discount, making no profit or loss. What is the marked price of the bicycle?
Given:
Cost Price (CP) = ₹3,500
Sold at 20% discount
No profit, no loss => Selling Price (SP) = CP = ₹3,500
Find the Marked Price (MP)
Formula Used:
SP = MP
Solution:
If SP = CP, then discounted price = CP
3500 = MP × 0.80
MP = = ₹4375
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