Question

A tricycle is sold at a gain of 15%. Had it been sold for
108 more ,the profit would have been 20%. find it's cost price
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Answer 1

Step-by-step explanation:

Hope this answer helps you

Answer 2

Answer:

The cost price of the article is Rs. 2,160.

Step-by-step explanation:

Let the cost price of the tricycle be Rs. x.

The tricycle was sold at 15% gain. Then the selling price was:

$SP=CP[1+\frac{Profit}{100}]\\ =x[1+\frac{15}{100}]\\ =1.15x$

It is provided that if the selling price was Rs. 108 more, the profit earned would have been 20%.

The new selling price is, $SP_{n}=1.15x+108$

Then the equation of the new selling price is:

$SP_{n}=CP[1+\frac{Profit}{100}]\\ 1.15x+108=x[1+\frac{20}{100}]\\1.15x+108=1.20x\\0.05x=108\\x=2160$

Thus, the cost price of the article is Rs. 2,160.