Math MCQ: A shopkeeper buys 40 bicycles and marks them at 25% above the cost price. He allows a discount of 10% on the marked price for cash sales, and 5% for credit sales. If three-fourth of the stock is sold for cash and the rest for credit, and if the total profit be $ 20250, what is the cost price of a bicycle ? | Extra Education

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A shopkeeper buys 40 bicycles and marks them at 25% above the cost price. He allows a discount of 10% on the marked price for cash sales, and 5% for credit sales. If three-fourth of the stock is sold for cash and the rest for credit, and if the total profit be $ 20250, what is the cost price of a bicycle ?

Correct Answer: $ 3600

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WhatsApp+91 99922 70404Math MCQ: A shopkeeper buys 40 bicycles and marks them at 25% above the cost price. He allows a discount of 10% on the marked price for cash sales, and 5% for credit sales. If three-fourth of the stock is sold for cash and the rest for credit, and if the total profit be $ 20250, what is the cost price of a bicycle ? | Extra Education