Multiple Choice Questions on A bicycle is sold at a gain of 15 If it had been sold for Rs 20 more 20 would have been gained The c........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A bicycle is sold at a gain of 15 If it had been sold for Rs 20 more 20 would have been gained The c...........

Quant (SSC) Profit and loss
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    A bicycle is sold at a gain of 15%. If it had been sold for Rs. 20 more, 20% would have been gained. The cost price of the bicycle is:

    100

    Incorrect Answer

    200

    Incorrect Answer

    300

    Incorrect Answer

    400

    Correct Answer
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    Explanation:

    120% – 115% of x = 20 
    ⇔ 5% of x = 20.
    ⇔ x = (20 x 100 /5) = 400

    By: Amit Kumar
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