Question

Bicycle is sold at a gain of 16%. If it had been sold for rs.20 more 20% would have been gained the cp of the bicycle is

Answer 1

Answer:

cost price = Rs. 1000

Step-by-step explanation:

please see the attached photo

Answer 2

The cost price of bicycle is Rs. 500.

Step-by-step explanation:

Let the cost price of bicycle be 'x'.

Profit % = 16%

if profit% is 20% then it had been sold for Rs. 20 more.

So, According to question, we get that

$\dfrac{100+20}{100}x-\dfrac{100+16}{100}x=20\\\\\dfrac{120}{100}x-\dfrac{116}{100}x=20\\\\\dfrac{120x-116x}{100}=20\\\\\dfrac{4x}{100}=20\\\\x=\dfrac{20\times 100}{4}\\\\x=20\times 25\\\\x=Rs.\ 500$

Hence, the cost price of bicycle is Rs. 500.

# learn more:

A bicycle is sold at a gain of 15%. If it had been sold for Rs. 20 more, 20% would have been gained. The cost price of the bicycle is

https://brainly.in/question/1421229