Question

A cycle is sold at a gain of 10%. Had it been sold for Rs.150/- more the profit would have been 15%. Find its cost price?

Answer 1

rupees 3000

Step-by-step explanation:

Let C denotes the C.P of the bicycle

According to question

(1+15/100)*C = (1+10/100)*C +150

(115/100) *C = (110/100) *C +150

1.15*C =1.10*C+150

0.05*C =150

C=150/0.5 × 100

=3000