Question

A bicycle was sold at 10 percent profit. If it had been sold at 20 percent profit, it would have fetched Rs 20 more. Find the cost price of the bicycle.

Answer 1

Answer:

Rs 200

Step-by-step explanation:

Let the CP of the cycle be X

So SP of the cycle=X*(100+10)/100=110X/100

If he sold at 20% the SP=X*(100+20)/100=120X/100

So difference in SP =Rs 20

So the equation is:

(120X/100)-(110X/100)=20

By solving this, X or CP = Rs200