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Question
A bicycle is purchased for ₹ 1800 and is sold at a profit of 12%. Its selling price is ______.
Options
₹ 1584
₹ 2016
₹ 1788
₹ 1812
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Solution
A bicycle is purchased for ₹ 1800 and is sold at a profit of 12%. Its selling price is ₹ 2016.
Explanation:
From the question it is given that,
A bicycle is purchased for ₹ 1800
Bicycle is sold at a profit of 12%.
Its selling price is = ?
We know that, Profit percent = `"Profit"/"CP" xx 100`
12 = `"Profit"/1800 xx 100`
`(12 xx 1800)/100` = Profit
Profit = 12 × 18
Profit = ₹ 216
Then, Profit = SP – CP
216 = SP – 1800
SP = 216 + 1800
SP = ₹ 2016
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Match the entries in Column I with the appropriate entries in Column II:
| Column I | Column II |
| (i) 3:5 | (A) ₹ 54 |
| (ii) 2.5 | (B) ₹ 47 |
| (iii) 100% | (C) ₹ 53 |
| (iv) `2/3` | (D) ₹ 160 |
| (v) `6 1/4%` | (E) 60% |
| (vi) 12.5% | (F) 25% |
| (vii) SP when CP = ₹ 50 and loss = 6 % | (G) `1/16` |
| (viii) SP when CP = ₹ 50 and profit = ₹ 4 | (H) 250% |
| (ix) Profit% when CP = ₹ 40 and SP = ₹ 50 | (I) ₹ 159 |
| (x) Profit% when CP = ₹ 50 and SP = ₹ 60 | (J) `66 2/3%` |
| (xi) Interest when principal = ₹ 800, Rate of interest = 10% per annum nd period = 2 years |
(K) 20% |
| (xii) Amount when principal = ₹ 150, Rate of interest = 6% per annum and period = 1 year |
(L) 0.125 |
| (M) 3 : 2 | |
| (N) ₹ 164 | |
| (O) 3 : 3 |
