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 ..
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 ..
