By selling a bicycle for ₹ 2850, a shopkeeper gains 14%. If the profit is reduced to 8% then the selling… · ABC26GN2624

Subject: General Aptitude · Chapter: Profit and Loss · Exam: S.S.C. 2010

By selling a bicycle for ₹ 2850, a shopkeeper gains 14\%. If the profit is reduced to 8\% then the selling price will be

(a)₹ 2600

(b)₹ 2700

(c)₹ 2800

(d)₹ 3000

Answer

Answer (as printed): B

Explanation

Let the new S.P. be ₹ $x$. Then, $114: 2850=108: x \Rightarrow x=\left(\frac{2850 \times 108}{114}\right)=2700$.

Explanation as extracted from the printed page; notation may be imperfect.

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