Profit and Loss?

A Bicycle was sold at a profit at 12% .Had it been sold for Rs.16 more ,the profit would have been 20%.Find the selling price of the bicycle.

2 Answers

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  • Dr. J.
    Lv 6
    1 decade ago
    Favorite Answer

    Cost, C

    Price, X

    X = C*1.12

    X + 16 = C*1.20

    C*1.12 + 16 = C*1.20

    16 = C*0.08

    C = 200

    X = 200 * 1.12 = 224

    Selling price is 224

  • raj
    Lv 7
    1 decade ago

    8%=16

    100%=(100/8)^16

    =200

    so C.P.=200

    S.P.=200*1.12

    =224

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