By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

A. Rs. 2600 B. Rs. 2700 C. Rs. 2800 D. Rs. 3000 Answer: Option B

Solution(By Apex Team)

CP of bicycle = $100 \times \frac{2850}{114}=\text { Rs. } 2500$ SP for the profit of 8% = $108 \times \frac{2500}{100}=\text { Rs. } 2700$

Related Questions on Profit and Loss

A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51

A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000

A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%