By selling a bicycle for Rs. 2850, a shopkeeper gains 14%. If the profit is reduced to 8%, what is the new selling price? MCQ with Answer and Explanation

Question

By selling a bicycle for Rs. 2850, a shopkeeper gains 14%. If the profit is reduced to 8%, what is the new selling price?

A. Rs. 2600

B. Rs. 2750

C. Rs. 2800

D. Rs. 2700

Answer: Option D

Solution (By JKSSB Mock Tests)

Cost Price = (2850 / 114) * 100 = Rs. 2500. New Selling Price at 8% profit = 2500 * 1.08 = Rs. 2700.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 135 and the profit is 35%, find the cost price.

A. Rs. 110

B. Rs. 105

C. Rs. 95

D. Rs. 100

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 330 and the profit is 10%, what is the cost price?

A. Rs. 310

B. Rs. 290

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
CP = 330 / 1.1 = 300.

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Question #3

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A man sold a TV for Rs. 15000, making a profit of 20%. Find the cost price.

A. Rs. 12500

B. Rs. 12000

C. Rs. 14000

D. Rs. 13000

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Correct Answer: Option A

Explanation:
CP = 15000/1.2 = 12500.

This question belongs to: Maths Profit And Loss

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