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On selling a bike for Rs. 2500 a seller incurs a loss of 20%. What price would have caused him to lose 30%?1. Rs. 2186.52. Rs. 2187.53. Rs. 2185.54. Rs. 2188.5 |
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Answer» Correct Answer - Option 2 : Rs. 2187.5 Given: SP of the bike = Rs. 2500 Loss% = 20% Formula: Loss = CP – SP Loss % = (Loss/CP) × 100 Calculation: CP of the bike = 2500 × (100/80) = Rs. 3125 ∴ New SP of the bike = 3125 × (70/100) = Rs. 2187.5 |
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