A bicycle

Martin sold a bicycle at a profit of 10%. Had it been sold for 75 USD more, the profit would have been 16%. Find the cost price of the bicycle.

Correct answer:

x =  1250 USD

Step-by-step explanation:

r1=100%+10%=1+10010=1.1 r2=100%+16%=1+10016=1.16  x r1+75=x r2 x 1.1+75=x 1.16  0.06x=75  x=0.0675=1250  x=1250=1250 USD



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