Having sold a bicycle for Rs.1620 a person lost 10%. At what price he should sell the bicycle to gain 10%?

  1. Rs.1800.00
  2. Rs.1980.00
  3. Rs.2040.00
  4. Rs.2160.00
Anurag Mishra Professor Asked on 30th April 2016 in Maths.
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1 Answer(s)

Answer: (2) Rs.1980.00

Solution:-
Having sold a bicycle for Rs.1620 a person lost 10%. 
Then, the price of bicycle =  1620 x 100/90
 = Rs.1800

He want to gain 10% at the price. 
Then, the selling price of bicycle = 1800 x 110/100
 = Rs.1980.00

Hence, the correct answer is option (2) Rs.1980.00. 

Anurag Mishra Professor Answered on 1st May 2016.
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