Question

A bicycle is sold at a gain of 16%. If it had been sold for 60 more, 20% would have been gained.
The cost price of the bicycle is​

Answer 1

Answer:

(20% of C.P.) - (16% of C.P.) = Rs. 20

⇒ 4% of C.P. = 20

⇒ (4/100 x C.P.) = 20

⇒ C.P. = Rs. (100 x 20/4)

∴ C.P. of the bicycle = Rs. 500

Step-by-step explanation:

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