1.

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

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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