By selling a bicycle for $R s .1, 590$ , a shopkeeper earns a profit of $6 %$ . Find the cost price of the bicycle.

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Solution

Given,

$S . P = R s .1590$

$Profit (%) = 6$

$C . P = ?$

We know that

$Profit (%) = \frac{S . P - C . P}{C . P} \times 100$

$6 = \frac{1590 - C . P}{C . P} \times 100$

$\frac{6 C . P}{100} = 1590 - C . P$

$0.06 C . P = 1590 - C . P$

$1.06 C . P = 1590$

$C . P = R s .1500$

Hence, the $C . P$ is $R s .1500$ .

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By selling a bicycle for Rs.1,590, a shopkeeper earns a profit of 6%. Find the cost price of the bicycle.

Given, S.P=Rs.1590 Profit(%)=6 C.P=? We know that Profit(%)=S.P−C.PC.P×100 6=1590−C.PC.P×100 6 C.P100=1590−C.P 0.06C.P=1590−C.P 1.06C.P=1590 C.P=Rs.1500 Hence, the C.P is Rs.1500.

By selling a bicycle for $R s .1, 590$ , a shopkeeper earns a profit of $6 %$ . Find the cost price of the bicycle.