hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    A tricycle is sold at a profit of 16%. If it were sold for Rs. 100 more, the profit would be 20%. What is the cost price of the tricycle?
    Question

    A tricycle is sold at a profit of 16%. If it were sold for Rs. 100 more, the profit would be 20%. What is the cost price of the tricycle?

    A.

    Rs. 1800

    B.

    Rs. 2000

    C.

    Rs. 2500

    D.

    Rs. 3000

    Correct option is C

     
    Given:
    · A tricycle is sold at a profit of 16%.
    · If sold for ₹100 more, the profit would be 20%.
    Formula Used: Let the cost price be x
    1. Original selling price with 16% profit:
    2. Selling Price = x + 0.16x = 1.16x
    3. New selling price with 20% profit: 1.16x + 100 = 1.2x
    Solution:
    1. Solve for : x = 2500

    Free Tests

    Free
    Must Attempt

    Government Policies and Scheme

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon5 Mins
    languageIcon English
    Free
    Must Attempt

    Government Schemes

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon5 Mins
    languageIcon English
    Free
    Must Attempt

    SSC GD PYP (Held on 4 Feb 2025 S1)

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘Allahabad High Court Group D’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    368k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow