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. 2700Related 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
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