Question

By selling a bicycle for Rs 1104, Nishu loses 8%. At what price should he sell to make a profit of 10%

Answer 1

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Answer 2

Answer:

Selling price of a bicycle is Rs. 4300 and the loss is 14%.

Therefore,

C.P =

100−loss%

100

×S.P

=

100−14

100

×4300

=

86

100

×4300

=5000

So the cost of the bicycle is 5000. Let us find out what should be the selling price to get 14% profit.

Expected gain = 14%

Therefore,

S.P. =

100

100+gain%

×5000

=

100

114

×5000

=5700

Hence, the selling price of the bicycle to gain 14% profit is 5700.