Question

A tricycle is sold at a gain of 15%. Had it been sold for rs108 more , the profit would have been 20%. Find its cost price.​

Answer 1

Answer:

CP = Rs. 2160

Step-by-step explanation:

Let Cost Price = 100 x

A tricycle is sold at a gain of 15%.

Then SP = 115 x

Had it been sold for rs108 more , the profit would have been 20%.

Then New SP = 120 x

Change in SP = Rs. 108

120 x - 115 x = 108

5x = 108

To find CP, (if 5x is 108, what is 100x)

$\frac{108}{5x} \times 100x = 2160$

Cost Price = Rs. 2160