by selling a bicycle 2,850 a shopkeeper gains 14%.if the profit precent reduce to 8%,then the selling pricw will be
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Answered by
1
hey mate your answer is 2700.
Answered by
3
Let Cost Price was X.
X + 14% of X = 2850
X + 14X/100 = 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 = 100/114*2850 = Rs. 2500;
SP for a profit of 8% = 108/100*2500 = Rs. 2700.
X + 14% of X = 2850
X + 14X/100 = 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 = 100/114*2850 = Rs. 2500;
SP for a profit of 8% = 108/100*2500 = Rs. 2700.
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