X sold his bicycle at a loss of 9%. if he sold it for 75 more, he would have made a profit of 16%. Find the cost of the cycle.
The way author solved the question is let CP be 100 and SP1=91. To get 16% profit SP2 shuld be 116. so 116-91 = 25.
So if CP is 100 when SP2-SP1=25; What will be CP if SP2-SP1=75 which will be thrice of current CP (300).
But the help I need is related to fundas .. when ever I read such problems I see an ambiguity in the problem. Here first I dont understand the point, "if he sold it for 75 more" - 75 more on what? on the CP or on SP1(91%CP)? when I solved the problem assuming both the scenarios the answers were different. It would be greatly helpful if some on can throw light.. but really sorry for taking your time on silly issue ..
P&L problem ..
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- logitech
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First of all no ISSUE is silly. We are all here to learn. And at the end those silly mistakes cost too much on the G-day!sgarnepudi wrote:X sold his bicycle at a loss of 9%. if he sold it for 75 more, he would have made a profit of 16%. Find the cost of the cycle.
The way author solved the question is let CP be 100 and SP1=91. To get 16% profit SP2 shuld be 116. so 116-91 = 25.
So if CP is 100 when SP2-SP1=25; What will be CP if SP2-SP1=75 which will be thrice of current CP (300).
But the help I need is related to fundas .. when ever I read such problems I see an ambiguity in the problem. Here first I dont understand the point, "if he sold it for 75 more" - 75 more on what? on the CP or on SP1(91%CP)? when I solved the problem assuming both the scenarios the answers were different. It would be greatly helpful if some on can throw light.. but really sorry for taking your time on silly issue ..
X sold his bicycle at a loss of 9%. if he sold it for 75 more, he would have made a profit of 16%. Find the cost of the cycle.
COST = 100X
100 is a magic number in your calculations!
X sold his bicycle at a loss of 9%. MEANS He sold it for 91X
16 % profit MEANS 116X
and we know from the stem that the difference between his loss, 91X, and his profite, 116X, is 75
75 = 116X - 91X
75 = 25X
X = 3
If you remember, we defined the COST as 100X, so 100x3=300
Master this approach, and you will be fine!
Good luck my friend.
LGTCH
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Let x be the cost of the cycle.X sold his bicycle at a loss of 9%. if he sold it for 75 more, he would have made a profit of 16%. Find the cost of the cycle.
Sold it at a loss of 9% means the sale proce is 91/100*x = .91x
So you would add 75 to this .91x to get a profit of 16% i.e x+16/100*x = 1.16x
Eqn becomes .91x+75 = 1.16x
x=300
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Ya not different from wat ramya and logitech ! i cant think of nethign else
But a small note ! percentages ! always and always start with number 100 !
trist me as logitech mentioned it works !!
Vishu
But a small note ! percentages ! always and always start with number 100 !
trist me as logitech mentioned it works !!
Vishu