Question

A toy car is sold at gain of 16%. Had it been sold for Rs.27 more ,the gain would have been 25%. Find the CP of the toy car.

Answer 1

Answer:

let the toy car be x₹ for our convention

if he got 16% profit ot means he sold it for

(16/100*x) +x=x+0.16*x

if he sell it for 27 more

=x+0.16x+27

=1.16x+27

gain percent is 25% now

(25/100*x) +x=1.16x+27

x/4+x=1.16x+27

5x=(1.16x+27) 4

5x-4.64x=108

x=108/0.36=10800/36

x=300