Question

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

Answer 1

20% - 15% = 5%

The difference in gain is 5%

The difference in gain is Rs 108

.

Find 1%:

5% = 108

1% = 108 ÷ 5 = Rs 21.6

.

Find 100% (Cost Price):

100% = 21.6 x 100 = Rs 2160

.

Answer The cost of the tricycle is Rs 2160