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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
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B
Rs. 2700
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C
Rs. 2800
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D
Rs. 3000
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Solution

The correct option is B Rs. 2700
Let C.P. be x.
Then, x+0.14×x=2850
1.14x=2850
x=2500
So, C.P. = Rs. 2500
Now, selling price when profit remains 8%
=2500+8% of 2500
= Rs. 2700.

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