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  • Profit and Loss - 1 (Level : Moderate)
  • A man buys a cycle for Rs. 3350 and sells it at a profit ...
Multiple choice

A man buys a cycle for Rs. 3350 and sells it at a profit of 15.5%. What is the selling price of the cycle?

  1. Rs. 3860.25

  2. Rs. 3860.50

  3. Rs. 3869.50

  4. Rs. 3869.25

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

S.P. of the cycle = CP (100 + profit %) / 100,

= 3350(100 + 15.5)/100,

= (3350 x 115.5)/100,

= Rs. 3869.25.

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