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A man sold a bicycle at 5% profit. If th...

A man sold a bicycle at 5% profit. If the cost the had been 30% less and the selling price Rs. 63 less, he would have made a profit of 30%. What is the cost price of the bicycle

Text Solution

Verified by Experts

CP=x
SP=`x+x*5%=21/20x`
Cp=`x-30%x=7/10x`
SP=21/20x-63
According to question `21/20x-63=(7/10x+7/10x*30%)`
`21(x/20-3)=7/10x+21/100x`
`3(x-60)/20=x/10(13/10)`
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