Arithmetichard · Past Paper
By selling a cycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, what would be the selling price?
ARs. 2,600
BRs. 2,700
CRs. 2,800
DRs. 3,000
✓ Correct Answer: B — Rs. 2,700
CP = (2850 * 100) / 114 = 2500. New SP = (2500 * 108) / 100 = 2700.
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