Question

By selling a bicycle for $Rs.1,885,$ a man gains $16\%.$ At what price did he buy the bicycle?

• A. $Rs.1,625$
• B. $Rs.1,825$
• C. $Rs.2,000$
• D. None of these

Answer 1

The correct option is A $Rs.1,625$

Let CP = x
Gain $=\frac{16}{100}x=\frac{4x}{25}$
SP $=\frac{4x}{25}+x=\frac{29x}{25}$
$\frac{29x}{25}=1,885$
x = Rs. 1, 625