Question

By selling a bicycle for Rs 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the
selling price will be:​

Answer 1

Answer:

given,a bicycle sold for 2850 and get 14%profit,

that means,114%=2850,

then,100%=(2850/114)*100=2500,

given,profit is reduced to 8%,then 108%=2500+(25*8)=2700

therefore,selling price of bicycle when profit is reduced to 8% is 2700