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Question

A tricycle is sold at a gain of 15%. Had it been sold for Rs 108 more, the profit would have been 20%. Find its cost price.

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Solution

Let the CP of the tricycle be Rs. x

SP at 15% gain = {(100 + Gain%)100× CP}
={(100 + 15)100× x} = 115100x

=Rs. 2320x

SP at 20% gain = x × 120100 = Rs. 65x



65x-2320x=10824x-23x20=108x20=108x=2160

Hence, the cost price of the tricycle is Rs. 2160

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