A Man buys a cycle at a discount of 20 and sells it for Rs 3640 In this process he makes a profit of...........

Quantitative Aptitude ( CCS) Profit and loss

A Man buys a cycle at a discount of 20% and sells it for Rs 3640. In this process he makes a profit of 30%. Find the discount received by him?

Rs650

Rs700

Rs500

Rs580

Let the MP be x.
Then x* 80/100*13/100=3640
X=3640*100/80*100/130
=35*100
=Rs3500.
Discount 100………. 3500
……… 20 …. ? => Rs700.

Hence, option 2 is the correct answer.

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