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  1. By selling a bicycle for $ 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be
    1. $ 2,600
    2. $ 2,700
    3. $ 2,800
    4. $ 3,000
Correct Option: B

Given that , S.P. of bicycle = $ 2,850
Profit = 14%

C.P. of bicycle =
100
× S.P. of bicycle
100 + Profit%

C.P. of bicycle =
100
× 2850 = $ 2500
114

S.P. for a profit of 8% =
108
× 2500 = $ 2700
100



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