Question

A rickshaw is sold at a gain of 10 percent. had it been sold for Rs 720 more the profit would have been 16 percent. find its cost price.step by step solve.​

Answer 1

Answer:

12000 ₹

Step-by-step explanation:

Equation :

SP = { ( 100 + Gain% ) * CP } / 100

Where, SP - Selling Price

CP - Cost Price

1)

Let, CP = x

Rickshaw sold at a gain of 10%

so, according to equation

SP = 110x / 100 .....................................( A )

2)

If, Add 720 ₹ more in Selling Price, then the final gain will be 16%

so,

SP + 720 = 116x / 100

110x /100 + 720 = 116x / 100 ( Note: taking value of SP from equation A )

{ 116x/ 100 } - { 110x/100 } = 720

6x / 100 = 720

6x = 720* 100

x = 72000 / 6

x = 12000

So, the cost price of rickshaw is 12000₹

Answer 2

Answer:

Step-by-step explanation: