Question

By selling a bicycle for rs 2850, a shopkeeper gains 14%.if the profit is reduced 8%,then the selling price will be

Answer 1

Hey Mate!☺✌

As we know that SP is Rs 2850,

Let's assume CP be Rs 100
then, SP =100+14 = Rs 114

If SP is Rs 114 then CP= Rs 100
If SP is Rs 2850 then CP = Rs 100/114 ×2850
=100/57 × 1450
= Rs 2500

If profit is reduced to 8% then 14%-8% = 4%

Then SP = R2500+(2500× 4/100)
=Rs (2500+100)= Rs 2600

Hope it helps☺!

Answer 2

Answer:

2700

Step-by-step explanation:

Let CP be x

x+14% of x=2850

x+14x/100=2850

x+0.14x=2850

1.14x=2850

x=2850/1.14

=2500

so,CP= Rs 2500

therefore, SP when rofit remains at 8%

=2500+8% of 2500

=2700

therefore the selling price = Rs 2700