A bicycle is sold for ₹1800 at a loss of 10%. At what price should it be sold to gain 15%?
Show answer & explanation
Correct answer: D
Explanation
Selling Price at a 10% loss = ₹1800
SP = CP × (1 − Loss/100)
SP = CP × (1 + Profit/100)
1800 = CP × 0.90
CP = 1800 / 0.90
CP = 2000
Now, the Selling Price at a 15% profit:
SP = 2000 × 1.15 = ₹2300