An article was sold at a profit of 7 %,if it had been sold for Rs.276
more, he could have gained 10%.find the CP
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Step-by-step explanation:
Let the C.P. of the tricycle be Rs x. Then,
S.P. = Rs (
100
100+16
)x=Rs
100
116
If the gain is 20%, then
S.P = Rs (
100
100+10
)x=Rs
100
120
x
It is given that S.P. in (ii) is Rs 100 more than S.P. in (i).
∴
100
120x
=
100
116x
+100
⇒
100
120x
−
100
116x
=100⇒
100
4x
=100⇒
25
x
=100⇒x=2500
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