Question

2. By selling a bicycle for 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, the selling price will be ?

be
a) 2,600
b) 2,700
c) 2,800
d) 3,000​

Answer 1

Answer:

2700

Step-by-step explanation:

a-2700

Answer 2

$\huge \underbrace \bold \blue {↓Answer↓}$

Given,

Selling price with profit = Rs. 2850

Gain% = 14%.

Let the cost price be x

So, Selling price =>

$\frac{100 + gain\%}{100} \times cost \: price$

So,

$\frac{100 + 14}{100} \times x = 2850\\ \frac{114}{100} \times x = 2850 \\ 114x = 2850 \times 100 \\ x = \frac{285000}{114} \\ x = 2500$

Now,

$profit\% = \frac{profit \: \times 100}{cost \: price}$

Let Profit be x

$8\% = \frac{x \times 100}{2500}$

$100x = 8 \times 2500 \\ x = \frac{8 \times 2500}{100} \\ x = 8 \times 25 \\ x = 200$

So, new selling price with 8% profit =

C.P. + Profit

=> 2500 + 200

=> Rs. 2700

I hope it helps.