Question

By selling a toy for Rs. $2850,$ a shopkeeper gains $14\%.$ If the profit is reduced to $8\%,$ then the selling price will be

• A. Rs. $2600$
• B. Rs. $2700$
• C. Rs. $2800$
• D. Rs. $3000$

Answer 1

The correct option is B Rs. $2700$

Let C.P. be $x.$
Then, $x+0.14\times x=2850$
$\Rightarrow 1.14x=2850$
$\Rightarrow x=2500$
So, C.P. $=$ Rs. $2500$
Now, selling price when profit remains $8\%$
$=2500+8\%$ of $2500$
$=$ Rs. $2700.$