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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)

CP of bicycle = $$100 \times \frac{{2850}}{{114}}$$  = Rs. 2500
SP for the profit of 8% = $$108 \times \frac{{2500}}{{100}}$$   = Rs. 2700

This Question Belongs to Arithmetic Ability >> Profit And Loss

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