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Luden [163]
3 years ago
5

David sold a bicycle at a profit of 10% had he sold it for rupees 150 more, the profit would have been 15%. find the cost price

of the bicycle​
Mathematics
1 answer:
dlinn [17]3 years ago
3 0

Answer:

The cost price was 3,000 rupees.

Step-by-step explanation:

A profit is an excess of the cost price you bought the bicycle at.

The original cost price as a decimal = 1.0

10% profit in excess of original cost as a decimal = 1+ 0.10 = 1.10

15% profit in excess of original cost as a decimal = 1+0.15= 1.15

And if he  sold the bicycle at 150rupees more,  he makes 15% profit;

The differential percentage = 15%-10% = 5% or 0.05

If 5% = 150 rupees

then 100% = (100*150)/5

= 15,000/5

= 3,000 rupees

<u>To verify;</u>

<em>At 15% profit it would be = 3000*1.15 =3,450 rupees</em>

<em>At 10% profit , it would be = 3000* 1.10 = 3,300 rupees</em>

<em>Difference = 3,450 -3,300 = 150 rupees</em>

Therefore, the cost price was 3,000 rupees.

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