Application of Maths

Algebra Level 1

To make a profit of 33.33% on cost, a bicycle must be sold for $240. What is the cost price of bicycle?

$3000 $170 $150 $180

Aahil Alwani by Aahil Alwani , 20, Pakistan

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3 solutions

Mohammad Khaza
Jul 16, 2017

we know that , the cost price = s e l l i n g p r i c e p r o f i t p e r c e n t a g e × 100 \frac {selling price}{profit percentage} \times 100 

                or,the cost price = (240 x 100 ) \ 133.33 =180.45..=180$
1 Helpful 0 Interesting 0 Brilliant 0 Confused

Let c c be the first cost in $ \$ , then

c + 0.3333 c = 240 c+0.3333c=240

1.3333 c = 240 1.3333c = 240

c ≈ 180 c \approx 180

0 Helpful 0 Interesting 0 Brilliant 0 Confused
Aahil Alwani
Feb 28, 2016

Let the cost price be = x x . Selling price is = $240 with 33.33% on cost.

So, the profit will be 100%+33.33% =133.33%.

cost price = s e l l i n g p r i c e p r o f i t p e r c e n t a g e \frac{selling price}{profit percentage} x 100. x x = 240 133.33 \frac{240}{133.33} x 100. x x =$180.

0 Helpful 0 Interesting 0 Brilliant 0 Confused

the last calculation is not right. you must have write 133.33 instead of 33.33

Mohammad Khaza - 3 years, 11 months ago

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