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Question

On selling a bicycle for Rs.4,300, a dealer loses 14%. For how much should he sell it to gain 14%?

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Solution

Selling price of a bicycle is Rs. 4300 and the loss is 14%.

Therefore,

C.P =100100loss%×S.P

=10010014×4300

=10086×4300

=5000

So the cost of the bicycle is 5000. Let us find out what should be the selling price to get 14% profit.

Expected gain = 14%

Therefore,

S.P. =100+gain%100×5000

=114100×5000

=5700

Hence, the selling price of the bicycle to gain 14% profit is 5700.


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