Question

Ris Rishabh purchased a bicycle for rupees 3850 and after four years he sold it for rupees 2750 find his profit or loss percent

Answer 1

Step-by-step explanation:

Let Cost Price was X.

X + 14% of X = 2850

X + 14X100

= 2850

X + 0.14X = 2850

1.14X = 2850

X = 2500.

So, Cost Price = Rs. 2500.

Now, Selling Price When profit remains at 8%,

= 2500 + 8% of 2500

= Rs. 2700.

Short-Cut

CP of bicycle = 100114

× 2850 = Rs. 2500

SP for a profit of 8% = 108100

× 2500 = Rs. 2700