Question

By selling a bicycle for$2024,$ a shopkeeper loses $12\%$. If he wishes to make a gain of $12\%,$ what will be the selling price of the bicycle?

Answer 1

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