Question

a cycle is sold at a gain of 10%. Had it been sold for Rs 40 more, the gain would have been 12%. Find its cost price. ​

Answer 1

let CP be x.

gain = 10%

SP = 110% of x = 1.1x

new gain = 12%

new SP = 112% of x = 1.12x

difference = 1.12x - 1.10x = 0.02x

According to question,

$0.02x = 40 \\ x = 40 \div 0.02 \\ x = 2000$

then CP = 2000rs

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