A cycle merchant allows 20% discount on the marked price of the cycles and still makes a profit of 20%. If he gains Rs. 360 over the sale of one cycle, find the marked price of the cycle.
Given,
Gain on one cycle = Rs.360
Gain = 20%
Gain % = 
= 20 = 
= CP = Rs. 1800
Selling price = 
DISCOUNT = 20% Given
Hence,
Marked price = 
Marked price of one cycle = Rs.2700
20