A cycle merchant allows 25% commission on his advertised price and still makes a profit of 20%. If he gains Rs 60 over the sale of one cycle, find his advertised price.

Explanation

Given

Let the advertised price be 'x'.

Rate of commission on advertised price `= 25%`

Profit`= 20%`

Profit `= Rs. 60`

According to question, it becomes,

=> `20/100xx(x)=60`

=> `0.2xx(x)=60`

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