Question

a tri cycle is sold at a gain of 15%. Had it been sold for rupees 108 more, the profit would have been 20%.Find its cost price

Answer 1

Let the cost of the tricycle be x.

Given that it is sold at a gain of 15%=15x/100

Given that if it sold for 108 the profit would have been 20% =20x/100

20x/100-15x/100=108

5x/100=108

5x=10800

x= 2160.

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