Question

a bicycle is sold at a gain of 16%.Had it been sold rs 100 more the gain would have been 20%.Find the cost price of the bicycle​

Answer 1

Answer:

₹2500

Step-by-step explanation:

let the cost price of the bicycle be ₹x,

then selling price of it, would be 116% of x [ x+16% of x]

new selling price = 120% of x

and according to question,

120% of x= old selling price + ₹100

=>(120x/100)=(116x/100)+100

=>4x/100=100

=>x=100*100/4=₹2500