Question

bicycle has a soul at the profit at 12% had it been sold for rupees 16 more the profit would have been 20% find the selling price of the bicycle

Answer 1

let c.p. = 100

(20 - 12)% = 16

8 % = 16

1% = 2

100% =200

cp = 200

sp = 112% of 200

sp = 200×112/100

sp = 112×2 =224

hope this will help