Question

10. A cycle is sold at a gain of 10%. Had it been sold for Rs.150/- more the profit would have been 15%. Find its cost price? *​

Answer 1

Answer:

CP = Rs. 3000

Step-by-step explanation:

Let CP be Rs. x

Profit percentage = 10%

SP = CP(1+ Profit%/100)

= x(1+10/100) = Rs. 11x/10

Profit percentage = 15%

SP = CP(1+ Profit%/100)

= x(1+15/100) = Rs. 115x/100

Selling Price = Rs.150

ATQ

11x/10 + 150  = 115x/100

150 = 115x/100 - 110x/100 = 5x/100

x = 150*100/5 = 30*100 =  Rs. 3000

Answer 2

Answer:

Answer:

CP = Rs. 3000

Step-by-step explanation:

Let CP be Rs. x

Profit percentage = 10%

SP = CP(1+ Profit%/100)

= x(1+10/100) = Rs. 11x/10

Profit percentage = 15%

SP = CP(1+ Profit%/100)

= x(1+15/100) = Rs. 115x/100

Selling Price = Rs.150

ATQ

11x/10 + 150  = 115x/100

150 = 115x/100 - 110x/100 = 5x/100

x = 150*100/5 = 30*100 =  Rs. 3000