Aniruddha sold a bicycle at a gain of 8%. Had it been sold

Home » Aptitude » Profit and Loss » Question

Aniruddha sold a bicycle at a gain of 8%. Had it been sold for $ 75 more, the gain would have been 14%. The cost price of the bicycle was

Let the CP of cycle be $ y

S.P. =	108y
	100

		108y	+ 75 =	114y
		100		100

⇒ 108y + 7500 = 114y
⇒ 114y – 108y = 7500
⇒ 6y = 7500

⇒ y =	7500	= $ 1250
	6

We can find required answer with the help of given formula :
Here, a = 8%, R= $ 75, b = 14%

C.P. =	R × 100
	b - a

C.P. =	75 × 100
	14 - 8

⇒ C.P. =	7500	= $ 1250
	6