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Question
A bicycle is purchased for ₹ 1800 and is sold at a profit of 12%. Its selling price is ______.
Options
₹ 1584
₹ 2016
₹ 1788
₹ 1812
Solution
A bicycle is purchased for ₹ 1800 and is sold at a profit of 12%. Its selling price is ₹ 2016.
Explanation:
From the question it is given that,
A bicycle is purchased for ₹ 1800
Bicycle is sold at a profit of 12%.
Its selling price is = ?
We know that, Profit percent = `"Profit"/"CP" xx 100`
12 = `"Profit"/1800 xx 100`
`(12 xx 1800)/100` = Profit
Profit = 12 × 18
Profit = ₹ 216
Then, Profit = SP – CP
216 = SP – 1800
SP = 216 + 1800
SP = ₹ 2016
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