5.
If a bicycle is sold for Rs. 2160/- there is a profit of 8% then what is the purchased
price ?
023
0 2100 Rs. 2000 Rs. 3 2108 Rs. 4 2008 Rs.
2
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2
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1
Answer:
Rs 2000
Step-by-step explanation:
Here, SP = Rs 2160,
Profit = 8 percent
Therefore, when the cost price is 100, the selling price is 100+8 =108.
Hence,
The Ratio of cost prices = ratio of selling prices
= X/ 100 = 2160/108
= x = 2160/108*100 (Multiplying both sides by 100)
= 2000
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