Question

Mohan bought a cycle for ₹ 2400 . At what price should he sell it to make a profit of 8% ?

Answer 1

Cost of cycle=2400 gain=8%
Now seeling price=2400×8/100
=24×8=192
So seelling price wil be 2400+192=2592

Answer 2

C.P=2500 Profit%=8% S.P=C.P(100+profit%) / 100 =2400(100+8)/100 =2400×108/100 =2589 So,he should sell the cycle for ₹2589 to gain a profit of 8%