Question

A bed was sold at a gain of 12%. Hat it been sold for ` 1800 more, the gain would have been 15%. Find the cost price of the bed.

Answer 1

Answer:

Rs. 60000

Step-by-step explanation:

Let cost price be CP and selling price be SP

SP = (1.12) CP.------------1

If SP was 1800 more gain will be 15%

SP + 1800 = (1.15) CP -----------2

Substituting 1 in 2,

(1.12)CP + 1800 = (1.15) CP

1800 = 0.03* CP

CP = 1800/0.03 = 60000

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