Question

By selling a bicycle for $\text{Rs.}2300,$ a shopkeeper gains $15\%.$ If the profit is reduced to $10\%,$ then the selling price is

• A. $\text{Rs.}2600$
• B. $\text{Rs.}2200$
• C. $\text{Rs.}2800$
• D. $\text{Rs.}3000$

Answer 1

The correct option is B $\text{Rs.}2200$

Let cost price be $x.$
Then, $x+0.15x=2300$
$\Rightarrow 1.15x=2300$
$\therefore x=\text{Rs.}2000$
Now selling price, when profit remains at $10\%$
$=2000+0.1\times 2000=2200$
Hence, selling price is $\text{Rs.}2200.$