A cycle was sold at a gain of 10%. Had it been sold for Rs.260 more, the gain would have been 14%. Find the cost price of the cycle.
Let × be the Cost Price of Cycle.
SP when cycle is sold at gain of 14% = × + 14x/100 = 114x/100
SP when cycle is sold at gain of 10% = × + 10x/100 = 110x/100
114x/100 – 110x/100 = 260
4x/100 = 260
× = (260 × 100)/4
= 6500
So, the cost price of Cycle is Rs.6500