A tricycle is sold at profit of 15% had it been sold for 40 rupees more the profit would have been 25% find its cost price?
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Given : A tricycle is sold at profit of 15% had it been sold for 40 rupees more the profit would have been 25%
To Find : cost price
Solution:
Let say Cost Price = Rs C
Profit 15 % = (15/100)C = 0.15C
SP = C + 0.15C = 1.15C
Profit 25 % = (25/100)C = 0.25C
SP = C + 0.25C = 1.25C
1.15C + 40 = 1.25C
=> 0.1C = 40
=> C = 400
Cost Price = Rs 400
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