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# [Smart Math] Percentages Problem 20

Here’s and example of a SMART MATH problem for PERCENTAGES.

### Problem

A bicycle is sold at a profit of 10%. Had it been sold for $10 less, the profit would have been 5% only. What is the cost price of the bicycle? 1.$180
2. $200 3.$220
4. $240 5.$250

### The Usual Method

Let the cost price of the bicycle be $‘x’. Hence selling price with 10% profit = 1.1x. But had it been sold for$10 less, profit = 5% only.