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Standard VII
Mathematics
Understanding Cost per Unit in Every Day Life Situation
A tricycle is...
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
+
G
ain
%
)
100
×
CP
}
=
{
(
100
+
15
)
100
×
x
}
=
115
100
x
=
Rs
.
23
20
x
SP at 20% gain =
x
×
120
100
=
Rs
.
6
5
x
6
5
x
-
23
20
x
=
108
⇒
24
x
-
23
x
20
=
108
⇒
x
20
=
108
⇒
x
=
2160
Hence, the cost price of the tricycle is Rs. 2160
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