Question

A toy car is sold at a gain of 16% has it been sold for ₹ 100 more the gain would have been 20% find the cp of the toy car

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Answer 1

CP let 100%

gain = 16% means SP = 116%

if 100₹more then gain = 20% means 120%

i.e, 116% +100= 120% or 4% = 100₹

if 4% = 100₹ then 100% = (100/4)×100 = 2500₹