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- A cycle dealer offers a discount of 10% and still makes a profit of 26%. What is
actual cost to him of a cycle whose marked price is Rs 840?
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l
- A cycle dealer offers a discount of 10% and still makes a profit of 26%. What is
actual cost to him of a cycle whose marked price is Rs 840?
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Step-by-step explanation:
⭐Given,
☯️Marked price (MP) on cycle = Rs 840 Discount = 10% Discount
(MP × Discount %)/100 = (840×10)/100 = Rs
84 SP = MP – Discount = 840 – 84 = Rs 756
Given,
he makes a profit of 26% additionally
So,
by using the formula, CP = 100 / (100 + Gain %) × SP = 100 / (100 + 26) × 756 = 100/126 × 756 = 600
∴ Actual cost of the cycle is Rs 600.