Question

A bicycle was sold at a profit
of 12%. Had it been sold for Rs
16 more, the profit would have
been 20%. Find the cost price of
the bicycle. *​

Answer 1

Answer:

CP =200

Step-by-step explanation:

let CP is 100%

Given,

A bicycle was sold at a profit  of 12%.

profit=SP-CP

12=SP-100%

SP=112%

Had it been sold for Rs  16 more, the profit would have  been 20%.

16 made the difference of SP with profit

like wise new SP=120%

Difference between new SP and SP

120-112=16

8%=16

100%=x

8x=1600

x=200