Question

2cycles were bought at the same cost. One was sold at profit 15% and another was sold at a loss of 10% . if the difference in selling price is 200rs. find the cost of cycles

Answer 1

Answer:

Step-by-step explanation:

Suppose the cost price of each cycle is Rs. X

Profit %= [(SP-CP)/CP]*100% {first case}

15CP=100SP-100CP

115CP=100SP;

SP=1.15CP;

Loss%=[(CP-SP)/CP]*100% {Second case}

10=[(CP-SP)/CP]*100

10CP=100CP-100SP

100SP=85CP;

SP=0.85CP;

Difference between selling price between both is Rs 200;

So 200=(1.15-0.85)CP;

Cost price is Rs 666.6