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1. By selling a bicycle for Rs. 2,850, 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

Solution:

CP of bicycle =

100 \times \frac{2850}{114}

= Rs. 2500
SP for the profit of 8% =

108 \times \frac{2500}{100}

= Rs. 2700

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