A person purchases four bicycles at a discount of 20 on marked price on each bicycle If sum of disco...........

Quantitative Aptitude (Insurance) Profit and loss

A person purchases four bicycles at a discount of 20% on marked price on each bicycle. If sum of discount offered and profit obtained on all 4 bicycles is 2560 then find the difference in marked price and cost price on one bicycle.

520

640

1220

880

690

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Explanation:

; Sum of profit and discount offered on one bicycle = 2560 4 = 640 And Cost price + Profit = Marked price – Discount Profit + Discount = Marked price – cost price = 640