A dealer sold a bicycle at a profit of 10%. Had he bought

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A dealer sold a bicycle at a profit of 10%. Had he bought the bicycle at 10% less price and sold it at a price Rs. 60 more, he would have gained 25%. The cost price of the bicycle was

Suppose C.P. of cycle = Rs. y

∴ S.P. =		110y	= Rs.	11y
		100		10

Case II,

New C.P. = Rs.	9y
	10

∴		11y	+ 60 =	9y	×	125
		10		10		100

⇒		11y	+ 60 = Rs.	9y
		10		8

⇒		9y	-	11y	= 60
		8		10

⇒	90y - 88y	= 60
	80

⇒	2y	= 60
	80

⇒	y	= 60
	40

⇒ y = 60 × 40 = Rs. 2400