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.

Assume the cost of the tricycle to be x.

It is sold at a gain of 15% = 15x / 100.

If it was sold for rs. 108, the profit would be 20% = 20x / 100.

[20x / 100] – [15x / 100] = 108

5x / 100 = 108

5x = 10800

x = 2160.

The cost price of the tricycle  = Rs. 2160.

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