Question

32 A bicycle seller found that if he sells

a bicycle for L.E. 1656 , his loss will be 8 %
Find the cost price of the bicycle and find
the selling price that makes him get a profit
of 12 %​

Answer 1

1. L.E. 1,800
2. L.E. 2,016

Explanation:

1. Cost price of bike.

Let cost price be x;

x * (100% - 8%) = 1,656

0.92x = 1,656

x = 1,656/0.92

x = L.E. 1,800

2. Selling price for 12% profit;

= 1,800 * ( 1 + 12%)

= L.E. ‭2,016‬