Question

A bicycle is purchased for Rs 1800 and is sold at a profit of 12%. Its selling price is

Answer 1

Answer:

Selling price of the bicycle is Rs.2016

Step-by-step explanation:

Given data A bicycle is purchased for Rs.1800  [ which is cost price ]

And sold at a profit of 12%

Here we need to find selling price of the bicycle  

from given data profit percentage = 12% = $\frac{12}{100}$  

⇒ profit on bicycle =  C.P x profit %

                               = 1800 × $\frac{12}{100}$ =  18 × 12 = 216

⇒ selling price = cost price + profit

                         = 1800 + 216 = 2016    

⇒ Selling price of the bicycle = Rs.2016