A man suffers a loss of 20% by selling a cycle for Rs. 450. By selling the cycle at 20% profits, it selling price will be-

Question

CIVILSHUB IAS · Accepted Answer

Rs. 675. Selling price = Rs.450, the loss % = 20% Cost price = $$\frac{100 	imes Selling price}{100 - Loss}$$ Cost price of cycle = $$\frac{100 	imes 450}{80}$$ $$= Rs. 562.50$$

A man suffers a loss of 20% by selling a cycle for Rs. 450. By selling the cycle at 20% profits, it selling price will be-

Explanation