A bicycle is purchased for Rs. 1800 and is sold at a profit of 12 %. Its selling price is
(a) Rs. 1584
(b) Rs. 2016
(c) Rs. 1788
(d) Rs. 1812

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Solution

Given, cost price of bicycle = Rs. 1800
and profit = 12 %
As we know,
$P r o f i t % = \frac{P r o f i t}{C P} \times 100 \Rightarrow 12 = \frac{P r o f i t}{1800} \times 100 \Rightarrow P r o f i t = 12 \times 18 = R s . 216 ∴ S P = C P + P r o f i t = 1800 + 216 = R s . 2016$
Hence, the selling price for bicycle is Rs. 2016.

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