Question

A tricycle is sold at a gain of 16%. Had it been sold for Rs.100 more, the gain would have been 20%. Find the C.P of the tricycle.

Answer 1

Hi there!

Your Answer :-

Let the C.P. be 100.

After 16% Gain, S.P. = 116x.

After 20% Gain, S.P. = 120x.

New Gain - Old Gain = C.P.

$\tt\blue{120x - 116x = 100}$

$\tt\pink{4x = 100}$

$\tt\green{x = 25.}$

So, C.P. = ₹25 × 100 = ₹2500.

Hence, C.P. = ₹2500.