By selling a bicycle for Rs 2850 a shopkeeper gains 14...

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By selling a bicycle for Rs. 2850, 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 the new S.P. be Rs. x
then, 114 : 2850 = 108 : x
$$\eqalign{ & \Rightarrow x = \left( {\frac{{2850 \times 108}}{{114}}} \right) \cr & \Rightarrow x = 2700 \cr} $$

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