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Q.

By selling a cycle for Rs. 570. A merchant gains 14%. But due to fall of demand he sells it only at a gain of 8%. Find the new S.P.

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a

Rs. 525

b

Rs. 550

c

Rs. 540

d

Rs. 560

answer is C.

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Detailed Solution

$s . p = 570$

CP=S.P( $\frac{100}{100 + 14})$

CP=570 $\times \frac{100}{114}$

CP=500

S.P=C.P $(\frac{100 + 8}{100})$

S.P=500( $\frac{108}{100})$

S.P=540

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By selling a cycle for Rs. 570. A merchant gains 14%. But due to fall of demand he sells it only at a gain of 8%. Find the new S.P.