Multiple choice

The price of bicycle is marked by a trader at Rs. 2000. He sold the bicycle allowing successive discount of 20%,10% and 5%. Thus he gained 14% then the cost price of the bicycle is?

  1. 1200

  2. 1250

  3. 1500

  4. 1350
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Marked price = 2000. Successive discounts: 20% → price=2000×0.8=1600. 10% → 1600×0.9=1440. 5% → 1440×0.95=1368 (selling price). Profit is 14%, so 1368 = 1.14×CP → CP = 1368/1.14 = 1200. Option A is correct. At CP=1200, a 14% profit gives exactly 1368.

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