Quantitative Aptitude Ques 1614

Question: The marked price of a bicycle is Rs. 1100. A shopkeeper allows a discount of 10% and get a profit to 10%. The cost price of the bicycle is

Options:

A) Rs. 1100

B) Rs. 900

C) Rs. 1089

D) Rs. 891

Show Answer

Answer:

Correct Answer: B

Solution:

  • [b] Let CP of the bicycle = Rs. x
    $ \therefore $ SP of the bicycle $ =\frac{110x}{100}=Rs.\frac{11x}{10} $ Now, MP of the bicycle = Rs. 1100
    $ \therefore $ SP of the bicycle $ =\frac{1100\times 90}{100}=Rs.990 $
    $ \therefore $ $ \frac{11x}{10}=990 $
    $ \Rightarrow $ $ x=\frac{990\times 10}{11} $
    $ \Rightarrow $ $ x=Rs.900 $
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