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Prashant bought a bike for Rs. 29,500 and spent Rs. 500 on its repairing. He promised Yashvendra to sell the bike at 10% discount, but he still earns a profit of 8%. Find how much more did he mark the bike than the price for which he bought the bike?

Prashant bought a bike for Rs. 29,500 and spent Rs. 500 on its repairing. He promised Yashvendra to sell the bike at 10% discount, but he still earns a profit of 8%. Find how much more did he mark the bike than the price for which he bought the bike? Correct Answer Rs. 6500

Total CP = Rs. 29500 + 500 = Rs. 30,000

Selling price = 108/100 × 30000 = Rs. 32,400

Marked price = 100/90 × 32400 = Rs. 36,000

∴Required difference = Rs. (36000 - 29500) = Rs. 6,500

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