Question

A cycle was sold at a gain of 10%.Had it been sold for ₹260 more, the gain would have been 14%. Find the cost price of the cycle.

Answer 1

Hey,sup!

Let the CP be x Rs.
Gain=10%.
SP= x(1+10/100)=110x/100.

Gain=14%.
SP=x(1+14/100)= 114x/100.

As per the question,

114x/100 - 110x/100 = 260.
=>(114x-110x)/100=260.
=>4x/100=260.
=>x=260/4 ×100.
=>x=65×100
=>x=6500Rs.

So the cost price is 6500Rs.

Hope it helps.