Question

A tricycle is sold at a gain of 15%. Had it been sold for Rs. 108 more, profit would have been 20%. Find its cost price.

Answer 1

lets cp 100 %

(20- 15)% = 108

5% = 108

1% = 108/ 5

100 % =108×100/5

= 20600

cost price = rs. 20600