# 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. 2700

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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

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