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Question

By selling a bicycle for2024, a shopkeeper loses 12%. If he wishes to make a gain of 12%, what will be the selling price of the bicycle?

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Solution

Let the CP be Rs x
loss = 12% of x
so, SP = CP - Loss
= x- 12x/100
=88x/100
A/q,
88x/100 = 2024
⇒x = (2024×100)/88
= 2300
so, CP = Rs 2300
now, for making 12% gain,
gain = 12% of 2300
=(12/100)×2300
=276
gain = Rs 276
so, SP = CP + gain
= 2300 +276
=2576
SP = Rs 2576



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