A man wanted to sell his cycle at 30% profit but actually sold it at 30% loss for ₹ 2,100. At what price (in ₹) did he want to sell the cycle to earn the profit of 30%?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 3,900.
Let CP = x
30% loss:
SP = 70% of x = ₹2,100
⇒ 0.7x = 2100
⇒ x = 3000
Now, the desired SP at 30% profit:
⇒ 130% of 3000 = 3,900