By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
Answer: Option B
Solution(By Examveda Team)
Let Cost Price was X. X + 14% of X = 2850 X + $$\frac{{14{\text{X}}}}{{100}}$$ = 2850 X + 0.14X = 2850 1.14X = 2850 X = 2500. So, Cost Price = Rs. 2500. Now, Selling Price When profit remains at 8%, = 2500 + 8% of 2500 = Rs. 2700. Short-Cut CP of bicycle = $$\frac{{100}}{{114}}$$ × 2850 = Rs. 2500 SP for a profit of 8% = $$\frac{{108}}{{100}}$$ × 2500 = Rs. 2700Join The Discussion
Comments ( 13 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
CP= 100/(100+GAIN) × SP
CP= 100/(100+GAIN) × SP
Given that
Selling price = 2850
At that time shopkeeper got 14% gain
Assume
Cost price = 100
Selling price = 100+14=114
Given that the profit is reduced to 8%
14% profit change to 8%
Selling price =100+8 =108
Given 114 -> 2850
108 -> (2850÷114)×108 =2700
SP=(2850/114)X108
SP=2700
Profit is reduced.. But it can't show that way why? It is show in increased position..
114 percent = 2850 so, 100 percentage =2500
1percentage =25
8 percentage =200
So, 2500 +200=2700rupees
c.p=100/(100+14)*2850=2500
if he want to profit 8% on 2500
then s.p=(108/100)*2500=2700
,☺☺☺☺☺
Salim makes a profit of 15% by selling a cycle at Rs 4140. At what price should he sell it to make a profit of 18% ?
Dimaag h to y answer 10 mins m kar k bataao
we have
114% =2850
1%=1/2850
108%=(1/2850)*108=2700
plz review the answer this question.answer not fit according to question's instructions.
A very good question indeed... :-)
how you have do it