Question

A tricycle is sold at a profit of 15% . Had it been for sold for Rs 40 more, the profit would have been 0%. Find the cost price.​

Answer 1

Step-by-step explanation:

Let , the CP of tricycle be 'X'

Case I

CP = X

profit = 15%

SP = ( 100+P% ) x CP

100

= ( 100+15 ) x X

100

= 115X

100

Case ll

CP = X

profit = 0%

SP = ( 100+P% ) x CP

100

= ( 100+0 ) x X

100

= 100X

100

A/Q

115X = 100X + 40

100 100

115X - 100X = 40

100 100

115X - 100X = 40

100

15X = 40

100

3X = 40

20

CP = 3X = ₹ 800