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

Open in App

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 $R s .1500$ .

Suggest Corrections

Similar questions

Q. By selling a bicycle for ₹ 9,164, a shopkeeper earned a profit of 16%. If he sells it for ₹ 9,875, then find the profit percentage.

Q. By selling a bicycle for

Rs. 2300,

a shopkeeper gains

15 % .

If the profit is reduced to

10 %,

then the selling price is

By selling an item for Rs. 24, the shopkeeper earns the percentage profit equal to cost price of the item. Find the cost price.

On selling an article for Rs 1500 a shopkeeper earned a profit of 20%. Find its cost price.

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 was the cost price of the bicycle ?

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.