The price of a bicycle is marked by a trader | vedclass

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(B) Marked Price $(M.P) = Rs.\, 1000$.Successive discounts are $20 \%, 10 \%,$ and $5 \%$.Selling Price $(S.P) = M.P 	imes (1 - 20/100) 	imes (1 - 1

Vedclass · Accepted Answer

$600$

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(B) Marked Price $(M.P) = Rs.\, 1000$.Successive discounts are $20 \%, 10 \%,$ and $5 \%$.Selling Price $(S.P) = M.P 	imes (1 - 20/100) 	imes (1 - 10/100) 	imes (1 - 5/100)$.$S.P = 1000 	imes 0.80 	imes 0.90 	imes 0.95$.$S.P = 1000 	imes 0.684 = Rs.\, 684$.Given that the profit percentage $(P \%) = 14 \%$.The formula for Cost Price $(C.P)$ is $C.P = \frac{S.P 	imes 100}{100 + P \%}$.$C.P = \frac{684 	imes 100}{100 + 14} = \frac{68400}{114}$.$C.P = Rs.\, 600$.

The price of a bicycle is marked by a trader at $Rs.\, 1000$. He sold the bicycle allowing successive discounts of $20 \%, 10 \%$ and $5 \%$. If the trader gained $14 \%$,then the cost price of the bicycle (in $rupees$) is:

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