A man sold a bicycle at 5% profit.If the cost had been 30% less and the selling price Rs 63 less,he would have made a profit of 30%.What is the cost price of the bicycle ?

Asked by madhumitha v | 23rd May, 2012, 11:00: AM

Expert Answer:

begin mathsize 16px style According space to space the space given space question space
fraction numerator SP minus CP over denominator CP end fraction cross times 100 equals 5
fraction numerator SP minus CP over denominator CP end fraction equals 0.05
SP minus CP equals 0.05 CP
SP equals 1.05 CP..... left parenthesis straight i right parenthesis
New space CP equals CP minus 0.3 CP
New space CP equals 0.7 CP
New space SP equals SP minus 63
fraction numerator SP minus 63 minus 0.7 CP over denominator 0.7 CP end fraction equals 0.3
From space left parenthesis straight i right parenthesis
fraction numerator 0.35 CP minus 63 over denominator 0.7 CP end fraction equals 0.3
0.14 CP equals 63
CP equals 450
Initial space CP space equals space Rs. space 450 end style

Answered by  | 28th Nov, 2017, 04:59: PM