2. By selling a bicycle for 1549.68, Rashi loses 12%. At what price should he sell it to make a profit of 500? explain it
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Answer:
He should sell it at ₹2261 to make a profit of ₹500.
Explanation:
GIVEN:-
SP of a bicycle = ₹1549.8
loss = 12%
CP = ?
TO FIND:-
CP of a bicycle = 100÷(100-loss%)×SP
= 100÷(100-12)×₹1549.8
= (100/88)×₹1549.8
= ₹1761
NOW,
SP of a bicycle = ?
CP of a bicycle = ₹1761
profit. = ₹500
SP -CP = profit
SP- ₹1761 = ₹500
SP = ₹500+₹1761
SP = ₹2261
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