Problema Solution
a bicycle dealer allows 10% discount and still makes a profit of 20% on his bicycle .if the total profit he makes is Rs 150,find the list price of the bicycle.
Answer provided by our tutors
let 'x' represent the list price and let 'y' represent the actual cost
a profit of 150 yields an actual cost:
0.2y=150
click here to solve for actual cost
y=750
Given an actual cost of Rs 750, a list price is given a discount of 10%:
x-0.10x=750+0.20(750)
click here to solve for list price
x=1000
The list price is Rs 1000.