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. xthen, 114 : 2850 = 108 : x
$$\eqalign{ & \Rightarrow x = \left( {\frac{{2850 \times 108}}{{114}}} \right) \cr & \Rightarrow x = 2700 \cr} $$
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
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