SOLUTION: A bicycle dealer allows 10% discount and still makes a profit of 20% on his bicycle. If the total profit he makes is rs. 150,find the list price of the bicycle.

Algebra ->  Finance -> SOLUTION: A bicycle dealer allows 10% discount and still makes a profit of 20% on his bicycle. If the total profit he makes is rs. 150,find the list price of the bicycle.      Log On


   

Question 1041905: A bicycle dealer allows 10% discount and still makes a profit of 20% on his bicycle.
If the total profit he makes is rs. 150,find the list price of the bicycle.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +p+ = the list price
+p+-+.1p+=+.9p+
The dealer's profit is:
+.2%2A%28+.9p+%29+=+150+
+.18p+=+150+
+p+=+833.33+
As always a 2nd opinion
is a good idea