ExamVeda
Login
Home

By selling a bicycle for Rs 2 850 a shopkeeper gains...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

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:

Answer & Solution
Correct Answer: Option B
CP of bicycle = $$100 \times \frac{{2850}}{{114}}$$  = Rs. 2500
SP for the profit of 8% = $$108 \times \frac{{2500}}{{100}}$$   = Rs. 2700
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Profit and Loss

A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:
A. 45 : 56 B. 45 : 51 C. 47 : 56 D. 47 : 51
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
A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:
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 person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:
A. Rs. 3,750 B. Rs. 3,250 C. Rs. 2,750 D. Rs. 2,250
More Related Questions on Profit and Loss