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Indian Economy - Understanding the basics of Indian economic system

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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

200

300

400

Explanation:

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

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