A cricket bat is sold at a profit of 7%. Had it been sold for Rs 60 more, the profit per cent would have been 12%. Find the cost price of the bat.
Let P be the Profit and CP be the Cost Price
7=PCP×100⇒7100=PCP
Also, 12100=P+60CP
Dividing both Equations
127=P+60P⇒12P=7P+420⇒5P=420⇒P=84
Now, 7100=84CP⇒CP=1200