A cycle is sold at a gain of 10%. If it had been sold for ₹50 more, the gain would have been 12%. Find its Cost Price.
Please solve, the answer is ₹2500
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Answer: ₹2500/-
Let the CP be x Rs.
Gain=10%.
=> SP= x(1+10/100)=110x/100.
Gain=12%.
=> SP=x(1+12/100)= 112x/100
=> 112x/100 - 110x/100 = 50
=> (112x-110x) / 100 = 50
=> 2x/100=50.
=> x=50/2 ×100.
=> x=25×100
=> x=2500
Therefore, CP is ₹2500/-
Hope this helps!
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