Question

Kevin bought a bicycle for Rs. 3800 and sold it at 8 percent profit. At what price did he sell the bicycle?​

Answer 1

• Selling price is Rs.4104 .

Step-by-step explanation:

Given:-

• Cost price is Rs. 3800 .
• Profit percent is 8% .

To find:-

• Selling price.

Solution:-

We know,

$\boxed{ \sf \bold{ \star \: Profit \: percent = \cfrac{Profit}{Cost\: price} \times 100}}$

Cost price = 3800

Profit percent = 8%

$\longrightarrow \sf \bold{8 = \cfrac{Profit}{38\cancel{00}} \times 1\cancel{00}}$

$\longrightarrow \sf \bold{8 \times 38 = Profit}$

$\longrightarrow \sf \bold{304 = Profit}$

Or, Profit = Rs. 304

Profit = Selling price - Cost price

=> 304 = Selling price - 3800

=> 304 + 3800 = selling price

=> 4104 = Selling price

Therefore,

Selling price is Rs.4104 .

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More information:-

• Lost percent = (lost/cost price) × 100
• Lost = Cost price - selling price