а a
Rishabh purchased
bicycle for
Rs. 3,850 and after
4 years he sold it
for Rs. 2,450. Find
his profit or loss
percent
Answers
Answered by
1
Let Cost Price was X.
X + 14% of X = 2850
X + 14X100
= 2850
X + 0.14X = 2850
1.14X = 2850
X = 2500.
So, Cost Price = Rs. 2500.
Now, Selling Price When profit remains at 8%,
= 2500 + 8% of 2500
= Rs. 2700.
Short-Cut
CP of bicycle = 100114
× 2850 = Rs. 2500
SP for a profit of 8% = 108100
× 2500 = Rs. 2700
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