Question

By selling a cycle for Rs. 1008, a cycle merchant gains 12%. if he wishes to make a gain of 15%. what will be the selling price of the cycle??

Answer 1

12%=12÷100 = Rs1008

15%=15÷100= ?

So,

(15÷100)×1008÷(12÷100) =Rs1260

Ans Rs1260

Answer 2

Case1

S.P=1008

Gain%=12%

C.P=s.P*100/100+G%

=> 1008*100/100+12

=>100800/112

=>900

Now,

Case2

C.P=900

Gain%=15%

S.p=C.P*100+G%/100

=>900*100+15/100

=>900*115/100

=>103500/100

=>1035

Now S.P=1035