Harish sold a bicycle at 8 percent gain. Had it been sold for rupees 375 more, the gain would have been 14 percent . Find the cost price of the bicycle
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CP = x
8 = Profit/x x 100
8x = (SP - CP) x 100
8x = (SP - x) 100
8x = 100SP - 100x
Sp = 108x/100
SP is 375 more now and profit 14%
14 = Profit/CP x 100
14 = profit/x x 100
14x = (SP - CP)100
14x = 100SP - 100x
100SP = 114x
SP = 114x/100
2nd SP - 1st SP = 375
114x/100 - 108/100 = 375
6x/100 = 375
x = 375 x 100/6 = 6250
CP of Bicycle = Rs. 6250
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