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1) A cycle was sold at a gain of 10%. Had it been sold for 260RS. more, the gain would have been 14%. Find the cost price of the cycle.
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1) A cycle was sold at a gain of 10%. Had it been sold for 260RS. more, the gain would have been 14%. Find the cost price of the cycle.
Let x be the cost price of the cycle
Selling price when the cycle is sold at a gain of 14%
= 14x/100 = 114x/100
Selling price when cycle is sold at gain of 10%
= 114x/100 = 110x/100 = 260
= 4x/100 = 260
= x(260 * 100) / 4
= x(26000) / 4
= 6500
Therefore, the cost price of the cycle is Rs.6500
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